Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TWDKRW
The long term trend has been UP since Jul 13th, 2018 at 36.9915
The intermediate term trend has been UP since Jul 7th, 2019 at 37.7360
The short term trend has been DOWN since Aug 14th, 2019 at 38.6560
Smart Scan Analysis for TWDKRW
Based on a pre-defined weighted trend formula for chart analysis, TWDKRW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).