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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.

FOREX_MYRTWD
Open High Low MYRTWD Price Change
6.6194003 6.6194003 6.6194003 6.6194003 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MYRTWD

long term up The long-term trend has been UP since Jan 4th, 2022 at 6.7762950

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2022 at 6.5608747

short term up 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).

+75
Smart Scan Analysis for MYRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6194003 6.6194003 6.6194003 6.6194003 0.0000000
Prev. Close Volume Bid Ask Time
6.6194003 2022-01-21 00:01:44
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