Today's MYR to TWD Price Update

BlockchainArchaeologist · 2026-02-11T13:00:32+00:00

This report analyzes the exchange rate between the Malaysian Ringgit and the New Taiwan Dollar, highlighting a bullish sentiment with strong buy signals. Traders are advised to monitor price levels and be cautious of overbought conditions.

BlockchainArchaeologist

2026-02-11 13:00:32

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Summary

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

Definition

The Malaysian Ringgit (MYR) and the New Taiwan Dollar (TWD) are important fiat currencies in Southeast Asia and East Asia respectively. The exchange rate between them reflects market sentiment regarding regional economic conditions and currency strength dynamics.

Today’s Price

1 MYR = 8.02 TWD
24h High: 8.0362 TWD
24h Low: 7.9959 TWD

Market Analysis

The MYR/TWD currency pair currently shows a bullish market sentiment. Technical indicators reveal a strong positive outlook with multiple buy signals dominating the analysis.

Technical indicators: The 14-day RSI reading stands at 69.91, indicating strong momentum. Moving averages (MA5 to MA200) generate 12 Buy signals against 0 Sell signals, suggesting a Strong Buy outlook.
Risk note: RSI levels above 70 may indicate overbought conditions, warranting caution regarding potential pullbacks or consolidation phases.
Trading opportunities: Monitor the current price levels around 8.02 TWD for potential continuation of the bullish trend, with attention to support levels near 7.9959 TWD.

Conclusion

Continue monitoring the MYR/TWD pair closely, integrating technical signals with regional economic developments. The current strong buy signals suggest bullish momentum, though traders should remain vigilant regarding potential overbought conditions and be prepared for tactical adjustments in their trading strategies.

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