Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Strong Downtrend (-100) - HKDTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Apr 30th, 2020 at 3.8408888
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 3.6058891
The short-term trend has been DOWN since Feb 18th, 2021 at 3.6105465
Smart Scan Analysis for HKDTWD
Based on our trend formula, HKDTWD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).