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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Bull Market Weakness (+75) - TWDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDMYR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid TWDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDMYR
Open High Low TWDMYR Price Change
0.14570917 0.14592764 0.14540661 0.14547355 -0.00023600
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term up The long-term trend has been UP since Feb 24th, 2021 at 0.14579556

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.14573089

short term down The short-term trend has been DOWN since Mar 8th, 2021 at 0.14566611

Smart Scan Analysis for TWDMYR

Based on our trend formula, TWDMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14570917 0.14592764 0.14540661 0.14547355 -0.00023600
Prev. Close Volume Bid Ask Time
0.14570917 2021-03-08 04:31:45
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