Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
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 Oct 15th, 2020 at 20.389862
The intermediate-term trend has been UP since Nov 11th, 2020 at 20.598868
The short-term trend has been DOWN since Dec 1st, 2020 at 20.969012
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).