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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Long-Term Downtrend (-90) - TWDMYR is in a strong downtrend that is likely to continue. While TWDMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.

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FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.14748179 0.14772731 0.14748179 0.14772731 +0.00024600
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 0.14781986

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.14854299

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.14769972

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).

-90
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14748179 0.14772731 0.14748179 0.14772731 +0.00024600
Prev. Close Volume Bid Ask Time
0.14748179 2024-04-15 20:30:12
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