Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Crossroads (-60) - EURTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 5th, 2021 at 33.5281
The intermediate-term trend has been UP since Oct 14th, 2021 at 32.5836
The short-term trend has been UP since Oct 10th, 2021 at 32.4164
Smart Scan Analysis for EURTWD
Based on our trend formula, EURTWD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).