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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Euro/New Taiwan Dollar (FOREX:EURTWD)

Bear Market Rally (-75) - EURTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURTWD as it may be in the beginning of a reversal.

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
32.7731 32.7731 32.7731 32.7731 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURTWD

long term down The long-term trend has been DOWN since Mar 22nd, 2020 at 32.5246

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 32.6037

short term down The short-term trend has been DOWN since May 25th, 2020 at 32.8228

Smart Scan Analysis for EURTWD

Based on our trend formula, EURTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.7731 32.7731 32.7731 32.7731 0.0000
Prev. Close Volume Bid Ask Time
32.7731 31.7731 33.7731 2020-05-25 21:04:37
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