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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.

Open High Low USDTWD Price Change
30.505 30.505 30.505 30.505 0.000
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term down The long term trend has been DOWN since Oct 9th, 2019 at 30.7600

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 31.1315

short term up 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).

Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.505 30.505 30.505 30.505 0.000
Prev. Close Volume Bid Ask Time
30.505 30.490 30.520 2019-11-16 11:36:52
Want to analyze US Dollar/New Taiwan Dollar USDTWD or another symbol? Try our Free Forex Trend Analysis Report.