Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)

Sidelines Mode (+55) - TWDSEK 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 TWDSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	TWDSEK Price	Change
0.33809651	0.33879477	0.33484677	0.33561125	-0.00248500
Entry Signal

MarketClub’s Trade Triangles for TWDSEK

The long-term trend has been DOWN since Jul 19th, 2023 at 0.32771865

The intermediate-term trend has been UP since Mar 18th, 2024 at 0.32978715

The short-term trend has been DOWN since Apr 19th, 2024 at 0.33495890

Smart Scan Analysis for TWDSEK

Based on our trend formula, TWDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.33809651	0.33879477	0.33484677	0.33561125	-0.00248500
Prev. Close	Volume	Bid	Ask	Time
0.33693811				2024-04-19 17:02:59

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