Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)

Long-Term Downtrend (-90) - HKDTWD is in a strong downtrend that is likely to continue. While HKDTWD is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_HKDTWD
Open High Low HKDTWD Price Change
3.8716639 3.8716639 3.8716639 3.8716639 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HKDTWD

long term down The long-term trend has been DOWN since Apr 30th, 2020 at 3.8408888

intermediate term down The intermediate-term trend has been DOWN since Apr 20th, 2020 at 3.8842393

short term down The short-term trend has been DOWN since May 18th, 2020 at 3.8502365

Smart Scan Analysis for HKDTWD

Based on our trend formula, HKDTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8716639 3.8716639 3.8716639 3.8716639 0.0000000
Prev. Close Volume Bid Ask Time
3.8739648 3.7538681 3.9894596 2020-05-21 21:08:20
Get a free daily analysis and signals for Hong Kong Dollar/New Taiwan Dollar (HKDTWD) - Request Your Free Report.