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.
MarketClub’s Trade Triangles for MYRTWD
The long term trend has been DOWN since Aug 20th, 2018 at 7.48340
The intermediate term trend has been DOWN since Nov 1st, 2018 at 7.39280
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).