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.
MarketClub’s Trade Triangles for TWDMYR
The long term trend has been UP since Sep 4th, 2018 at 0.134755
The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.134195
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).