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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Weak Downtrend (-65) - TWDMYR is showing signs of a strengthening downtrend. Monitor TWDMYR as it may be building momentum to the downside.

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
0.14882589 0.14894114 0.14871487 0.14881984 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long-term trend has been DOWN since Mar 3rd, 2022 at 0.14894041

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.14823549

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.14851824

Smart Scan Analysis for TWDMYR

Based on our trend formula, TWDMYR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14882589 0.14894114 0.14871487 0.14881984 -0.00000600
Prev. Close Volume Bid Ask Time
0.14882589 2022-08-16 20:44:17
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