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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)

Sidelines Mode (-55) - AUDTWD 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 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
20.842210 20.852499 20.794146 20.816812 -0.025398
Entry Signal

MarketClub’s Trade Triangles for AUDTWD

long term down The long-term trend has been DOWN since Feb 1st, 2024 at 20.427345

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 20.675063

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 20.775732

Smart Scan Analysis for AUDTWD

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

-55
Smart Scan Analysis for AUDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.842210 20.852499 20.794146 20.816812 -0.025398
Prev. Close Volume Bid Ask Time
20.842210 2024-03-29 04:16:02
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