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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Long-Term Uptrend (+90) - EURTWD is in a strong uptrend that is likely to continue. While EURTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURTWD.
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 EURTWD
The long-term trend has been UP since Mar 20th, 2024 at 34.637102
The intermediate-term trend has been UP since Apr 23rd, 2024 at 34.884628
The short-term trend has been UP since May 7th, 2024 at 34.892036
Smart Scan Analysis for EURTWD
Based on our trend formula, EURTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.848175 | 34.857634 | 34.797998 | 34.811016 | -0.037159 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.848175 | 2024-05-09 05:54:36 |