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Forex Trend Analysis Report

Prepared for you on Thursday, February 21, 2019.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.132265 0.132590 0.131995 0.132485 +0.000220
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long term trend has been DOWN since Jan 6th, 2019 at 0.133435

intermediate term down The intermediate term trend has been DOWN since Jan 1st, 2019 at 0.134650

short term down The short term trend has been DOWN since Feb 19th, 2019 at 0.132115

Smart Scan Analysis for TWDMYR

Based on a pre-defined weighted trend formula for chart analysis, TWDMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.132265 0.132590 0.131995 0.132485 +0.000220
Prev. Close Volume Bid Ask Time
0.132265 0.132400 0.132570 2019-02-21 23:20:00
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