Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Long-Term Uptrend (+90) - EURTWD is in a strong uptrend that is likely to continue. While EURTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURTWD
The long-term trend has been UP since Jul 29th, 2020 at 33.7585
The intermediate-term trend has been UP since Nov 17th, 2020 at 33.8411
The short-term trend has been UP since Nov 4th, 2020 at 33.4862
Smart Scan Analysis for EURTWD
Based on our trend formula, EURTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).