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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
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, TWDMYR 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.
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MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been DOWN since Mar 21st, 2024 at 0.14781986
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.14854299
The short-term trend has been DOWN since Apr 26th, 2024 at 0.14638674
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.14654802 | 0.14667261 | 0.14630859 | 0.14630859 | -0.00023900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.14654802 | 2024-04-26 04:52:59 |