Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Weak Downtrend (-65) - MYRTWD is showing signs of a strengthening downtrend. Monitor MYRTWD as it may be building momentum to the downside.

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.

FOREX_MYRTWD
Open High Low MYRTWD Price Change
6.8875290 6.8992300 6.8875290 6.8992300 +0.0117010
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term down The long-term trend has been DOWN since Feb 13th, 2020 at 7.273349

intermediate term up The intermediate-term trend has been UP since Jul 15th, 2020 at 6.916064

short term down The short-term trend has been DOWN since Jul 29th, 2020 at 6.902373

Smart Scan Analysis for MYRTWD

Based on our trend formula, MYRTWD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.8875290 6.8992300 6.8875290 6.8992300 +0.0117010
Prev. Close Volume Bid Ask Time
6.8875290 6.6986117 7.0998480 2020-07-29 07:32:00
Get a free daily analysis and signals for Malaysian Ringt/New Taiwan Dollar (MYRTWD) - Request Your Free Report.