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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)
Countertrend Up (+85) - TWDMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been UP since Nov 4th, 2024 at 0.13966455
The intermediate-term trend has been UP since Dec 18th, 2024 at 0.13812283
The short-term trend has been DOWN since Dec 18th, 2024 at 0.13678233
Smart Scan Analysis for TWDMYR
Based on our trend formula, TWDMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13792333 | 0.13792629 | 0.13792333 | 0.13792629 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13792333 | 2024-12-20 03:01:48 |