Forex Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 26th, 2017 at 0.141340
The intermediate term trend has been UP since Jul 14th, 2017 at 0.141805
The short term trend has been DOWN since Jul 17th, 2017 at 0.141120
Smart Scan Analysis for TWDMYR
Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).