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.
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).