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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been UP since Nov 4th, 2024 at 0.13966455
The intermediate-term trend has been UP since Oct 13th, 2024 at 0.13340598
The short-term trend has been UP since Nov 13th, 2024 at 0.13723617
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13781471 | 0.13822202 | 0.13769981 | 0.13804992 | +0.00023500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13765594 | 2024-11-19 20:53:49 |