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.
MarketClub’s Trade Triangles for EURTWD
The long-term trend has been DOWN since Mar 22nd, 2020 at 32.5246
The intermediate-term trend has been UP since May 19th, 2020 at 32.6037
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).