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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Countertrend Up (+85) - NZDTWD 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 NZDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDTWD.
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 NZDTWD
The long-term trend has been UP since Jul 17th, 2023 at 19.587908
The intermediate-term trend has been UP since Apr 28th, 2024 at 19.450071
The short-term trend has been DOWN since May 8th, 2024 at 19.373284
Smart Scan Analysis for NZDTWD
Based on our trend formula, NZDTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.469641 | 19.477473 | 19.463887 | 19.465155 | -0.004486 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.469641 | 2024-05-09 00:40:04 |