Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Long-Term Downtrend (-90) - MYRTWD is in a strong downtrend that is likely to continue. While MYRTWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Feb 13th, 2020 at 7.273349
The intermediate-term trend has been DOWN since Feb 4th, 2020 at 7.355123
The short-term trend has been DOWN since Jan 28th, 2020 at 7.385025
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).