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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
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.
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MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been DOWN since Dec 20th, 2024 at 7.228817
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 7.239933
The short-term trend has been UP since Dec 18th, 2024 at 7.312753
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.246648 | 7.259818 | 7.223159 | 7.234428 | -0.012220 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.246648 | 2024-12-20 17:06:16 |