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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Strong Downtrend (-100) - EURTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURTWD continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURTWD
The long-term trend has been DOWN since Sep 27th, 2024 at 34.538655
The intermediate-term trend has been DOWN since Sep 27th, 2024 at 35.178316
The short-term trend has been DOWN since Nov 19th, 2024 at 34.151902
Smart Scan Analysis for EURTWD
Based on our trend formula, EURTWD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.386885 | 34.411780 | 34.289276 | 34.290725 | -0.096160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.386885 | 2024-11-20 03:51:56 |