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.
MarketClub’s Trade Triangles for TWDMYR
The long-term trend has been UP since Feb 13th, 2020 at 0.13835640
The intermediate-term trend has been UP since Feb 4th, 2020 at 0.13639136
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).