Forex Trend Analysis Report

Prepared for you on Friday, September 29, 2023.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Countertrend Down (-85) - TWDMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

Open	High	Low	TWDMYR Price	Change
0.14581739	0.14603285	0.14576899	0.14583559	+0.00001800
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

The long-term trend has been DOWN since Jul 31st, 2023 at 0.14373338

The intermediate-term trend has been DOWN since Sep 25th, 2023 at 0.14549042

The short-term trend has been UP since Sep 26th, 2023 at 0.14596404

Smart Scan Analysis for TWDMYR

Based on our trend formula, TWDMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.14581739	0.14603285	0.14576899	0.14583559	+0.00001800
Prev. Close	Volume	Bid	Ask	Time
0.14581739				2023-09-29 15:03:40

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