Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Bear Market Rally (-75) - HKDTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDTWD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for HKDTWD
The long-term trend has been DOWN since May 26th, 2021 at 3.5841469
The intermediate-term trend has been UP since Sep 22nd, 2021 at 3.5655136
The short-term trend has been DOWN since Oct 23rd, 2021 at 3.5920543
Smart Scan Analysis for HKDTWD
Based on our trend formula, HKDTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).