Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Long-Term Uptrend (+90) - TWDMYR is in a strong uptrend that is likely to continue. While TWDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid TWDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been UP since Feb 24th, 2021 at 0.14579556
The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.14573089
The short-term trend has been UP since Feb 25th, 2021 at 0.14615802
Smart Scan Analysis for TWDMYR
Based on our trend formula, TWDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).