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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Long-Term Uptrend (+90) - TWDMYR is in a strong uptrend that is likely to continue. While TWDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDMYR.

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FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.13800057 0.13816437 0.13799367 0.13808382 +0.00008300
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term up The long-term trend has been UP since Feb 13th, 2020 at 0.13835640

intermediate term up The intermediate-term trend has been UP since Feb 4th, 2020 at 0.13639136

short term up The short-term trend has been UP since Feb 3rd, 2020 at 0.13557452

Smart Scan Analysis for TWDMYR

Based on our trend formula, TWDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13800057 0.13816437 0.13799367 0.13808382 +0.00008300
Prev. Close Volume Bid Ask Time
0.13800057 0.13800053 0.13816710 2020-02-17 16:29:09
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