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Forex Trend Analysis Report

Prepared for you on Tuesday, December 11, 2018.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.135510 0.135760 0.135255 0.135760 +0.000250
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 Dec 3rd, 2018 at 0.135150

short term up The short term trend has been UP since Dec 10th, 2018 at 0.135315

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).

+75
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.135510 0.135760 0.135255 0.135760 +0.000250
Prev. Close Volume Bid Ask Time
0.135510 0.135680 0.135840 2018-12-11 08:43:52
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