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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Countertrend Up (+85) - EURTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for EURTWD
The long-term trend has been UP since Mar 20th, 2024 at 34.637102
The intermediate-term trend has been UP since Jul 1st, 2024 at 34.990055
The short-term trend has been DOWN since Jul 23rd, 2024 at 35.601738
Smart Scan Analysis for EURTWD
Based on our trend formula, EURTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.622574 | 35.658195 | 35.574433 | 35.656832 | +0.034258 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.622574 | 2024-07-26 17:02:12 |