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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Sidelines Mode (-55) - TWDMYR 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 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
0.14382681 0.14382681 0.14354972 0.14363998 -0.00018700
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long-term trend has been DOWN since Aug 16th, 2020 at 0.14222877

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.14404896

short term up The short-term trend has been UP since Dec 2nd, 2020 at 0.14318929

Smart Scan Analysis for TWDMYR

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

-55
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14382681 0.14382681 0.14354972 0.14363998 -0.00018700
Prev. Close Volume Bid Ask Time
0.14382681 2020-12-04 02:18:36
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