Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Mar 28th, 2018 at 0.132340
The intermediate term trend has been DOWN since Mar 27th, 2018 at 0.132855
The short term trend has been DOWN since Apr 20th, 2018 at 0.132175
Smart Scan Analysis for TWDMYR
Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).