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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

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
0.13799052 0.13819277 0.13733955 0.13774044 -0.00025000
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term up The long-term trend has been UP since Feb 13th, 2020 at 0.13835640

intermediate term up The intermediate-term trend has been UP since Feb 4th, 2020 at 0.13639136

short term down The short-term trend has been DOWN since Feb 18th, 2020 at 0.13779331

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
0.13799052 0.13819277 0.13733955 0.13774044 -0.00025000
Prev. Close Volume Bid Ask Time
0.13799052 0.13765824 0.13782264 2020-02-21 16:18:54
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