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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)
Countertrend Up (+85) - AUDTWD 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 AUDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDTWD.
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 AUDTWD
The long-term trend has been UP since Apr 4th, 2024 at 21.208840
The intermediate-term trend has been UP since Apr 25th, 2024 at 21.272359
The short-term trend has been DOWN since May 8th, 2024 at 21.310390
Smart Scan Analysis for AUDTWD
Based on our trend formula, AUDTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.338050 | 21.350164 | 21.280905 | 21.338958 | +0.000908 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.338050 | 2024-05-09 04:58:40 |