Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Japanese Yen/New Taiwan Dollar (FOREX:JPYTWD)

Bear Market Rally (-75) - JPYTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYTWD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid JPYTWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYTWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	JPYTWD Price	Change
0.20841771	0.20845259	0.20824121	0.20839760	-0.00002000
Entry Signal

MarketClub’s Trade Triangles for JPYTWD

The long-term trend has been DOWN since Feb 13th, 2024 at 0.20906082

The intermediate-term trend has been UP since May 1st, 2024 at 0.21206489

The short-term trend has been DOWN since May 7th, 2024 at 0.20919667

Smart Scan Analysis for JPYTWD

Based on our trend formula, JPYTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.20841771	0.20845259	0.20824121	0.20839760	-0.00002000
Prev. Close	Volume	Bid	Ask	Time
0.20841771				2024-05-09 01:15:13

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