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.
MarketClub’s Trade Triangles for JPYTWD
The long-term trend has been UP since Aug 3rd, 2023 at 0.22990292
The intermediate-term trend has been UP since Dec 4th, 2023 at 0.21430940
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).