Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
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 Oct 10th, 2021 at 0.14831600
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.14952376
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.14895167
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).