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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_MYRTWD
Open High Low MYRTWD Price Change
7.3727 7.3727 7.3727 7.3727 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term down The long term trend has been DOWN since Aug 20th, 2018 at 7.48340

intermediate term down The intermediate term trend has been DOWN since Nov 1st, 2018 at 7.39280

short term down The short term trend has been DOWN since Nov 14th, 2018 at 7.37005

Smart Scan Analysis for MYRTWD

Based on a pre-defined weighted trend formula for chart analysis, MYRTWD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.3727 7.3727 7.3727 7.3727 0.0000
Prev. Close Volume Bid Ask Time
7.3727 7.1615 7.5839 2018-11-15 20:43:05
Want to analyze Malaysian Ringt/New Taiwan Dollar MYRTWD or another symbol? Try our Free Forex Trend Analysis Report.