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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

Open High Low MYRTWD Price Change
7.5459 7.5459 7.5459 7.5459 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term up The long term trend has been UP since Jan 2nd, 2019 at 7.45870

intermediate term up The intermediate term trend has been UP since Jul 15th, 2019 at 7.54775

short term down The short term trend has been DOWN since Jul 19th, 2019 at 7.54835

Smart Scan Analysis for MYRTWD

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

Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.5459 7.5459 7.5459 7.5459 0.0000
Prev. Close Volume Bid Ask Time
7.5459 7.3296 7.7622 2019-07-21 20:00:24
Want to analyze Malaysian Ringt/New Taiwan Dollar MYRTWD or another symbol? Try our Free Forex Trend Analysis Report.