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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Sidelines Mode (+55) - HKDTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Aug 19th, 2024 at 4.0972773
The intermediate-term trend has been UP since Nov 6th, 2024 at 4.1532276
The short-term trend has been DOWN since Nov 15th, 2024 at 4.1634364
Smart Scan Analysis for HKDTWD
Based on our trend formula, HKDTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1704301 | 4.1789117 | 4.1693487 | 4.1782692 | +0.0078390 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1704301 | 2024-11-20 03:35:35 |