Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Japanese Yen/New Taiwan Dollar (FOREX:JPYTWD)

Long-Term Downtrend (-90) - JPYTWD is in a strong downtrend that is likely to continue. While JPYTWD 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 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
0.20348799 0.20408009 0.20248233 0.20277421 -0.00071400
Entry Signal

MarketClub’s Trade Triangles for JPYTWD

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 0.20906082

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.20496802

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.20567867

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
0.20348799 0.20408009 0.20248233 0.20277421 -0.00071400
Prev. Close Volume Bid Ask Time
0.20348799 2024-06-21 17:25:27
Get a free daily analysis and signals for Japanese Yen/New Taiwan Dollar (JPYTWD) - Request Your Free Report.