Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

New Taiwan Dollar/Malaysian Ringt (FOREX:TWDMYR)

Countertrend Down (-85) - TWDMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.14629852 0.14632443 0.14595381 0.14595381 -0.00034500
Entry Signal

MarketClub’s Trade Triangles for TWDMYR

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 0.14781986

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.14854299

short term up The short-term trend has been UP since May 23rd, 2024 at 0.14622883

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).

-85
Smart Scan Analysis for TWDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14629852 0.14632443 0.14595381 0.14595381 -0.00034500
Prev. Close Volume Bid Ask Time
0.14629852 2024-05-24 11:05:12
Get a free daily analysis and signals for New Taiwan Dollar/Malaysian Ringt (TWDMYR) - Request Your Free Report.