Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
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 USDTWD
The long term trend has been DOWN since Oct 9th, 2019 at 30.7600
The intermediate term trend has been DOWN since Sep 9th, 2019 at 31.1315
The short term trend has been UP since Nov 10th, 2019 at 30.4330
Smart Scan Analysis for USDTWD
Based on a pre-defined weighted trend formula for chart analysis, USDTWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).