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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)

Sidelines Mode (-55) - KRWTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_KRWTWD
Open High Low KRWTWD Price Change
0.02395517 0.02418366 0.02376094 0.02392057 -0.00003500
Entry Signal

MarketClub’s Trade Triangles for KRWTWD

long term up The long-term trend has been UP since Jun 7th, 2023 at 0.02375097

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.02387596

short term up The short-term trend has been UP since Dec 8th, 2023 at 0.02408999

Smart Scan Analysis for KRWTWD

Based on our trend formula, KRWTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for KRWTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02395517 0.02418366 0.02376094 0.02392057 -0.00003500
Prev. Close Volume Bid Ask Time
0.02395517 2023-12-08 17:07:12
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