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Forex Trend Analysis Report

Prepared for you on Wednesday, January 15, 2025.

Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)

Sidelines Mode (+55) - MYRTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
7.333925 7.341179 7.309402 7.321627 -0.012298
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term down The long-term trend has been DOWN since Dec 20th, 2024 at 7.228817

intermediate term up The intermediate-term trend has been UP since Jan 10th, 2025 at 7.362873

short term down The short-term trend has been DOWN since Jan 14th, 2025 at 7.315639

Smart Scan Analysis for MYRTWD

Based on our trend formula, MYRTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.333925 7.341179 7.309402 7.321627 -0.012298
Prev. Close Volume Bid Ask Time
7.333925 2025-01-15 17:26:09
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