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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Japanese Yen/New Taiwan Dollar (FOREX:JPYTWD)

Long-Term Uptrend (+90) - JPYTWD is in a strong uptrend that is likely to continue. While JPYTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid JPYTWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYTWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYTWD
Open High Low JPYTWD Price Change
0.21760972 0.21949386 0.21601046 0.21678855 -0.00082100
Entry Signal

MarketClub’s Trade Triangles for JPYTWD

long term up The long-term trend has been UP since Aug 3rd, 2023 at 0.22990292

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 0.21430940

short term up The short-term trend has been UP since Dec 3rd, 2023 at 0.21359660

Smart Scan Analysis for JPYTWD

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

+90
Smart Scan Analysis for JPYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21760972 0.21949386 0.21601046 0.21678855 -0.00082100
Prev. Close Volume Bid Ask Time
0.21760972 2023-12-08 17:07:12
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