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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

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.

FOREX_AUDTWD
Open High Low AUDTWD Price Change
21.471459 21.551237 21.465857 21.501722 +0.030263
Entry Signal

MarketClub’s Trade Triangles for AUDTWD

long term up The long-term trend has been UP since Apr 4th, 2024 at 21.208840

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 21.311314

short term down The short-term trend has been DOWN since Jun 23rd, 2024 at 21.455857

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).

-50
Smart Scan Analysis for AUDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.471459 21.551237 21.465857 21.501722 +0.030263
Prev. Close Volume Bid Ask Time
21.471459 2024-06-24 08:35:32
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