Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)
Long-Term Downtrend (-90) - KRWTWD is in a strong downtrend that is likely to continue. While KRWTWD 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 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.
MarketClub’s Trade Triangles for KRWTWD
The long-term trend has been DOWN since Dec 2nd, 2019 at 2.5626000
The intermediate-term trend has been DOWN since Mar 16th, 2020 at 2.4538082
The short-term trend has been DOWN since May 19th, 2020 at 2.4189856
Smart Scan Analysis for KRWTWD
Based on our trend formula, KRWTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).