Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.
MarketClub’s Trade Triangles for TWDMYR
The long term trend has been DOWN since Nov 16th, 2017 at 0.138300
The intermediate term trend has been DOWN since Jan 4th, 2018 at 0.135415
The short term trend has been UP since Jan 19th, 2018 at 0.134155
Smart Scan Analysis for TWDMYR
Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).