Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, January 23, 2018.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.134505 0.134595 0.134405 0.134555 +0.000050
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long term trend has been DOWN since Nov 16th, 2017 at 0.138300

intermediate term down The intermediate term trend has been DOWN since Jan 4th, 2018 at 0.135415

short term up The short term trend has been UP since Jan 19th, 2018 at 0.134155

Smart Scan Analysis for TWDMYR

Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.134505 0.134595 0.134405 0.134555 +0.000050
Prev. Close Volume Bid Ask Time
0.134505 0.134470 0.134640 2018-01-23 02:51:28
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