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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 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.
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MarketClub’s Trade Triangles for MYRTWD
The long-term trend has been DOWN since Dec 20th, 2024 at 7.228817
The intermediate-term trend has been UP since Jan 21st, 2025 at 7.365618
The short-term trend has been DOWN since Jan 30th, 2025 at 7.465339
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.423172 | 7.426411 | 7.421124 | 7.422639 | -0.000533 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.423172 | 2025-02-05 01:04:04 |