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Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Crossroads (-60) - MYRTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
7.308802 7.321588 7.272595 7.286353 -0.022449
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 down The intermediate-term trend has been DOWN since Oct 14th, 2024 at 7.479193

short term down The short-term trend has been DOWN since Dec 1st, 2024 at 7.295329

Smart Scan Analysis for MYRTWD

Based on our trend formula, MYRTWD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.308802 7.321588 7.272595 7.286353 -0.022449
Prev. Close Volume Bid Ask Time
7.308802 2024-12-03 16:14:18
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