Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Strong Downtrend (-100) - TWDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Aug 16th, 2020 at 0.14222877
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.14404896
The short-term trend has been DOWN since Nov 15th, 2020 at 0.14442545
Smart Scan Analysis for TWDMYR
Based on our trend formula, TWDMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).