Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Bear Market Rally (-75) - MYRTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRTWD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been DOWN since Oct 27th, 2020 at 6.872957
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 6.891412
The short-term trend has been UP since Feb 25th, 2021 at 6.902900
Smart Scan Analysis for MYRTWD
Based on our trend formula, MYRTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).