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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Malaysian Ringt/New Taiwan Dollar (FOREX:MYRTWD)
Strong Downtrend (-100) - MYRTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRTWD continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been DOWN since May 2nd, 2025 at 7.219640
The intermediate-term trend has been DOWN since May 2nd, 2025 at 7.219640
The short-term trend has been DOWN since Apr 30th, 2025 at 7.419808
Smart Scan Analysis for MYRTWD
Based on our trend formula, MYRTWD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.092230 | 7.109201 | 7.001969 | 7.011330 | -0.080900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.092230 | 2025-05-08 22:54:20 |