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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Bull Market Weakness (+75) - USDTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDTWD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTWD.
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 USDTWD
The long-term trend has been UP since Mar 18th, 2024 at 31.7268
The intermediate-term trend has been UP since Mar 18th, 2024 at 31.7268
The short-term trend has been UP since May 7th, 2024 at 32.4095
Smart Scan Analysis for USDTWD
Based on our trend formula, USDTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.4200 | 32.4540 | 32.3925 | 32.4050 | -0.0150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.4200 | 2024-05-09 14:30:28 |