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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Bear Market Rally (-75) - MYRTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRTWD as it may be in the beginning 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.

FOREX_MYRTWD
Open High Low MYRTWD Price Change
6.915007 6.915007 6.915007 6.915007 0.000000
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term down The long-term trend has been DOWN since Oct 27th, 2020 at 6.872957

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2021 at 6.891412

short term up The short-term trend has been UP since Feb 25th, 2021 at 6.902900

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).

-75
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.915007 6.915007 6.915007 6.915007 0.000000
Prev. Close Volume Bid Ask Time
6.915007 2021-02-25 07:31:41
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