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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Countertrend Up (+85) - MYRTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_MYRTWD
Open High Low MYRTWD Price Change
6.767905 6.776628 6.763499 6.775792 +0.007887
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term up The long-term trend has been UP since Apr 16th, 2024 at 6.809384

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 6.739441

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 6.755284

Smart Scan Analysis for MYRTWD

Based on our trend formula, MYRTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.767905 6.776628 6.763499 6.775792 +0.007887
Prev. Close Volume Bid Ask Time
6.767905 2024-04-18 07:19:55
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