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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Sidelines Mode (+55) - TWDKRW 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 TWDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDKRW.
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 TWDKRW
The long-term trend has been UP since Jan 2nd, 2024 at 42.562323
The intermediate-term trend has been DOWN since May 3rd, 2024 at 42.024139
The short-term trend has been UP since May 8th, 2024 at 42.154207
Smart Scan Analysis for TWDKRW
Based on our trend formula, TWDKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42.166663 | 42.208828 | 42.166663 | 42.193952 | +0.027289 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42.166663 | 2024-05-09 01:15:48 |