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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Sidelines Mode (+55) - TWDMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Nov 4th, 2024 at 0.13966455
The intermediate-term trend has been UP since Dec 18th, 2024 at 0.13812283
The short-term trend has been DOWN since Dec 23rd, 2024 at 0.13720244
Smart Scan Analysis for TWDMYR
Based on our trend formula, TWDMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13655907 | 0.13673266 | 0.13638514 | 0.13649636 | -0.00006300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13655907 | 2024-12-26 04:54:52 |