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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 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
0.13352 0.13352 0.13352 0.13352 0.00000
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long term trend has been DOWN since Mar 28th, 2018 at 0.132340

intermediate term up The intermediate term trend has been UP since Jul 25th, 2018 at 0.133220

short term up The short term trend has been UP since Aug 16th, 2018 at 0.133255

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
0.13352 0.13352 0.13352 0.13352 0.00000
Prev. Close Volume Bid Ask Time
0.13352 0.13344 0.13360 2018-08-18 07:59:52
Want to analyze New Taiwan Dollar/Malaysian Ringt TWDMYR or another symbol? Try our Free Forex Trend Analysis Report.