Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Japanese Yen/New Taiwan Dollar (FOREX:JPYTWD)
Sidelines Mode (+50) - JPYTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until JPYTWD can gain momentum.
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.
MarketClub’s Trade Triangles for JPYTWD
The long-term trend has been DOWN since Mar 25th, 2020 at 0.27226580
The intermediate-term trend has been UP since Jul 29th, 2020 at 0.27585541
The short-term trend has been UP since Jul 8th, 2020 at 0.27348441
Smart Scan Analysis for JPYTWD
Based on our trend formula, JPYTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).