Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since May 2nd, 2018 at 29.74625
The intermediate term trend has been DOWN since Jan 31st, 2019 at 30.69750
The short term trend has been DOWN since Feb 17th, 2019 at 30.80850
Smart Scan Analysis for USDTWD
Based on a pre-defined weighted trend formula for chart analysis, USDTWD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).