Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Weak Downtrend (-65) - MYRTWD is showing signs of a strengthening downtrend. Monitor MYRTWD as it may be building momentum to the downside.
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 UP since Jul 15th, 2020 at 6.916064
The short-term trend has been DOWN since Jul 29th, 2020 at 6.902373
Smart Scan Analysis for MYRTWD
Based on our trend formula, MYRTWD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).