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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Sidelines Mode (+50) - MYRTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MYRTWD can gain momentum.

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
6.937096 6.937096 6.937096 6.937096 0.000000
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term down The long-term trend has been DOWN since Feb 13th, 2020 at 7.273349

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 6.931059

short term up The short-term trend has been UP since May 19th, 2020 at 6.912834

Smart Scan Analysis for MYRTWD

Based on our trend formula, MYRTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.937096 6.937096 6.937096 6.937096 0.000000
Prev. Close Volume Bid Ask Time
6.937096 6.728598 7.145594 2020-06-01 21:09:45
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