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.
MarketClub’s Trade Triangles for TWDMYR
The long term trend has been UP since Sep 12th, 2019 at 0.13512
The intermediate term trend has been UP since Aug 6th, 2019 at 0.13315
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).