Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, October 15, 2019.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

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.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.136863 0.136872 0.136782 0.136782 -0.000081
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term up The long term trend has been UP since Sep 12th, 2019 at 0.13512

intermediate term up The intermediate term trend has been UP since Aug 6th, 2019 at 0.13315

short term down The short term trend has been DOWN since Oct 14th, 2019 at 0.13627

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
0.136863 0.136872 0.136782 0.136782 -0.000081
Prev. Close Volume Bid Ask Time
0.136863 0.136701 0.136864 2019-10-15 04:15:37
Want to analyze New Taiwan Dollar/Malaysian Ringt TWDMYR or another symbol? Try our Free Forex Trend Analysis Report.