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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Bull Market Weakness (+75) - HKDTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDTWD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HKDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDTWD.
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 HKDTWD
The long-term trend has been UP since Mar 19th, 2024 at 4.0610630
The intermediate-term trend has been UP since Mar 18th, 2024 at 4.0547070
The short-term trend has been UP since May 7th, 2024 at 4.1432806
Smart Scan Analysis for HKDTWD
Based on our trend formula, HKDTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1485571 | 4.1524811 | 4.1455984 | 4.1497859 | +0.0012290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1485571 | 2024-05-09 08:27:17 |