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Forex Trend Analysis Report

Prepared for you on Thursday, September 21, 2017.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.139140 0.139215 0.138705 0.138845 -0.000295
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long term trend has been DOWN since May 26th, 2017 at 0.141340

intermediate term down The intermediate term trend has been DOWN since Sep 6th, 2017 at 0.141195

short term down The short term trend has been DOWN since Sep 13th, 2017 at 0.139715

Smart Scan Analysis for TWDMYR

Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.139140 0.139215 0.138705 0.138845 -0.000295
Prev. Close Volume Bid Ask Time
0.139140 0.138760 0.138930 2017-09-21 08:13:30
Want to analyze New Taiwan Dollar/Malaysian Ringt TWDMYR or another symbol? Try our Free Forex Trend Analysis Report.