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.
MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been DOWN since Aug 16th, 2020 at 0.14222877
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.14404896
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).