Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 TWDSEK
The long term trend has been UP since Feb 6th, 2019 at 0.296720
The intermediate term trend has been DOWN since May 20th, 2019 at 0.306880
The short term trend has been DOWN since May 13th, 2019 at 0.310105
Smart Scan Analysis for TWDSEK
Based on a pre-defined weighted trend formula for chart analysis, TWDSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).