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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_MYRTWD
Open High Low MYRTWD Price Change
7.372545 7.372545 7.372545 7.372545 0.000000
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term up The long term trend has been UP since Jan 20th, 2020 at 7.357218

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2020 at 7.322475

short term up The short term trend has been UP since Dec 29th, 2019 at 7.285923

Smart Scan Analysis for MYRTWD

Based on a pre-defined weighted trend formula for chart analysis, MYRTWD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.372545 7.372545 7.372545 7.372545 0.000000
Prev. Close Volume Bid Ask Time
7.372545 7.151384 7.593706 2020-01-21 07:17:54
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