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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
Bear Market Rally (-75) - TWDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TWDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDUSD.
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 TWDUSD
The long-term trend has been DOWN since Mar 19th, 2024 at 0.03150020
The intermediate-term trend has been DOWN since Jan 15th, 2024 at 0.03185045
The short-term trend has been DOWN since May 7th, 2024 at 0.03085468
Smart Scan Analysis for TWDUSD
Based on our trend formula, TWDUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03084421 | 0.03087230 | 0.03081285 | 0.03084678 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03084421 | 2024-05-09 12:06:29 |