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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Long-Term Uptrend (+90) - MYRTWD is in a strong uptrend that is likely to continue. While MYRTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MYRTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been UP since Apr 16th, 2024 at 6.809384
The intermediate-term trend has been UP since Mar 20th, 2024 at 6.739441
The short-term trend has been UP since May 7th, 2024 at 6.836111
Smart Scan Analysis for MYRTWD
Based on our trend formula, MYRTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.837199 | 6.847030 | 6.832156 | 6.841250 | +0.004051 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.837199 | 2024-05-09 06:53:29 |