Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Bull Market Weakness (+75) - MYRTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRTWD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MYRTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been UP since Jan 4th, 2022 at 6.7762950
The intermediate-term trend has been DOWN since Jan 4th, 2022 at 6.5608747
The short-term trend has been UP since Jan 20th, 2022 at 6.6113438
Smart Scan Analysis for MYRTWD
Based on our trend formula, MYRTWD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).