Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
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.
MarketClub’s Trade Triangles for AUDTWD
The long-term trend has been DOWN since Mar 7th, 2023 at 20.317755
The intermediate-term trend has been DOWN since Feb 23rd, 2023 at 20.623915
The short-term trend has been UP since Mar 17th, 2023 at 20.526598
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).