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.
MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been UP since Feb 24th, 2021 at 0.14579556
The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.14573089
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).