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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)
Countertrend Down (-85) - TWDAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TWDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDAUD.
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 TWDAUD
The long-term trend has been DOWN since Apr 4th, 2024 at 0.04727872
The intermediate-term trend has been DOWN since Apr 25th, 2024 at 0.04700662
The short-term trend has been UP since May 8th, 2024 at 0.04693225
Smart Scan Analysis for TWDAUD
Based on our trend formula, TWDAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04686057 | 0.04698153 | 0.04681888 | 0.04681888 | -0.00004200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04686057 | 2024-05-09 08:15:16 |