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.
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 Apr 20th, 2020 at 3.8842393
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).