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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.
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MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been UP since Apr 16th, 2024 at 6.809384
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 7.479193
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).
| 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 |