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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Bull Market Weakness (+75) - MYRTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRTWD as it may be in the beginning stages 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 UP since Jan 21st, 2025 at 7.365618
The short-term trend has been UP since Feb 19th, 2025 at 7.397514
Smart Scan Analysis for MYRTWD
Based on our trend formula, MYRTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.403800 | 7.422184 | 7.400701 | 7.420595 | +0.016795 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.403800 | 2025-02-21 17:03:30 |