Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
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 Apr 30th, 2020 at 3.8408888
The intermediate-term trend has been UP since Nov 23rd, 2020 at 3.6904137
The short-term trend has been DOWN since Nov 26th, 2020 at 3.6782757
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).