Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)
Sidelines Mode (+50) - AUDTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDTWD can gain momentum.
Is it time to buy, sell, or avoid AUDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDTWD
The long-term trend has been DOWN since May 31st, 2021 at 21.276673
The intermediate-term trend has been UP since Oct 10th, 2021 at 20.346028
The short-term trend has been UP since Oct 4th, 2021 at 20.236554
Smart Scan Analysis for AUDTWD
Based on our trend formula, AUDTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).