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Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Countertrend Up (+85) - HKDTWD 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 HKDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDTWD.
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 HKDTWD
The long-term trend has been UP since Jul 29th, 2022 at 3.8585619
The intermediate-term trend has been UP since Jun 15th, 2022 at 3.8230291
The short-term trend has been DOWN since Aug 17th, 2022 at 3.8192191
Smart Scan Analysis for HKDTWD
Based on our trend formula, HKDTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8279393 | 3.8397937 | 3.8251356 | 3.8384500 | +0.0105110 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8279393 | 2022-08-19 17:00:28 |