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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.134500 0.134700 0.134490 0.134635 +0.000135
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term up The long term trend has been UP since Sep 4th, 2018 at 0.134755

intermediate term down The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.134195

short term down The short term trend has been DOWN since Oct 17th, 2018 at 0.134360

Smart Scan Analysis for TWDMYR

Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.134500 0.134700 0.134490 0.134635 +0.000135
Prev. Close Volume Bid Ask Time
0.134500 0.134550 0.134720 2018-10-24 01:11:37
Want to analyze New Taiwan Dollar/Malaysian Ringt TWDMYR or another symbol? Try our Free Forex Trend Analysis Report.