Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)

Sidelines Mode (+55) - KRWTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	KRWTWD Price	Change
0.02371172	0.02377230	0.02363874	0.02376434	+0.00005300
Entry Signal

MarketClub’s Trade Triangles for KRWTWD

The long-term trend has been DOWN since Jan 2nd, 2024 at 0.02348274

The intermediate-term trend has been UP since May 3rd, 2024 at 0.02379641

The short-term trend has been DOWN since May 8th, 2024 at 0.02372223

Smart Scan Analysis for KRWTWD

Based on our trend formula, KRWTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.02371172	0.02377230	0.02363874	0.02376434	+0.00005300
Prev. Close	Volume	Bid	Ask	Time
0.02371172				2024-05-09 12:45:32

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