Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.
MarketClub’s Trade Triangles for MYRTWD
The long term trend has been UP since Jan 2nd, 2019 at 7.45870
The intermediate term trend has been UP since Jan 2nd, 2019 at 7.41505
The short term trend has been DOWN since Mar 10th, 2019 at 7.56015
Smart Scan Analysis for MYRTWD
Based on a pre-defined weighted trend formula for chart analysis, MYRTWD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).