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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.

Open High Low USDTWD Price Change
30.8050 30.8375 30.8050 30.8250 +0.0200
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long term trend has been UP since May 2nd, 2018 at 29.74625

intermediate term down The intermediate term trend has been DOWN since Jan 31st, 2019 at 30.69750

short term down 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).

Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.8050 30.8375 30.8050 30.8250 +0.0200
Prev. Close Volume Bid Ask Time
30.8050 30.8100 30.8400 2019-02-18 07:26:58
Want to analyze US Dollar/New Taiwan Dollar USDTWD or another symbol? Try our Free Forex Trend Analysis Report.