Today's TWD to MYR Price Update

Summary

This report provides the real-time exchange rate between the New Taiwan Dollar (TWD) and Malaysian Ringgit (MYR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The New Taiwan Dollar (TWD) is the official fiat currency of Taiwan, while the Malaysian Ringgit (MYR) is the primary currency of Malaysia. The exchange rate between them reflects bilateral trade dynamics, regional economic conditions, and investor sentiment toward both economies.

Today’s Price

• 1 TWD = 0.129 MYR
• 24h High: 0.129 MYR
• 24h Low: 0.12887 MYR

Market Analysis

Recent technical analysis indicates a bearish sentiment for the TWD/MYR pair, with multiple technical indicators suggesting downward pressure.

• Technical indicators: RSI(14) at 42.637 signals a “Sell” condition; Moving Averages show strong bearish alignment with 12 sell signals
• Key support levels: Fibonacci pivot point at 0.12876; Support levels S1 at 0.12873, S2 at 0.12871, S3 at 0.12869
• Resistance levels: R1 at 0.12879, R2 at 0.12881, R3 at 0.12883
• Short-term forecast: The pair is forecasted to decrease by approximately 3.26% over the next month, potentially declining from 0.1288 to 0.1246 MYR
• Risk note: Continued selling pressure may test lower support levels; watch for potential reversals near key Fibonacci support zones

Conclusion

Monitor the TWD/MYR pair closely, as technical indicators currently favor downside movements. Traders should watch for support confirmation near Fibonacci levels and consider potential entry points for short positions aligned with the bearish technical setup and near-term price forecast.