Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
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 Dec 24th, 2018 at 21.744500
The intermediate-term trend has been UP since Apr 6th, 2020 at 18.384752
The short-term trend has been UP since Apr 2nd, 2020 at 17.805236
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).