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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.

FOREX_EURTWD
Open High Low EURTWD Price Change
34.3198 34.3198 34.3198 34.3198 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURTWD

long term up The long-term trend has been UP since Jul 29th, 2020 at 33.7585

intermediate term up The intermediate-term trend has been UP since Nov 17th, 2020 at 33.8411

short term up 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).

+90
Smart Scan Analysis for EURTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.3198 34.3198 34.3198 34.3198 0.0000
Prev. Close Volume Bid Ask Time
34.3198 2020-12-04 07:18:27
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