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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Strong Downtrend (-100) - TWDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TWDUSD continues to fall. Traders should use caution and set stops.

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.

FOREX_TWDUSD
Open High Low TWDUSD Price Change
0.03151066 0.03152386 0.03146633 0.03146782 -0.00004300
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.03150020

intermediate term down The intermediate-term trend has been DOWN since Jan 15th, 2024 at 0.03185045

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 0.03175611

Smart Scan Analysis for TWDUSD

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

-100
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03151066 0.03152386 0.03146633 0.03146782 -0.00004300
Prev. Close Volume Bid Ask Time
0.03151066 2024-03-19 01:03:28
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