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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.14596670 0.14596670 0.14576435 0.14588883 -0.00007800
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term up The long-term trend has been UP since Feb 24th, 2021 at 0.14579556

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.14573089

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.14615802

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
0.14596670 0.14596670 0.14576435 0.14588883 -0.00007800
Prev. Close Volume Bid Ask Time
0.14596670 2021-03-05 04:50:19
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