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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Long-Term Downtrend (-90) - EURTWD is in a strong downtrend that is likely to continue. While EURTWD is showing intraday strength, it remains in the confines of a bearish trend. 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 Sep 24th, 2024 at 35.495891
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.360030 | 35.375490 | 35.314525 | 35.353791 | -0.006239 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.360030 | 2024-10-04 05:28:21 |