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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.
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MarketClub’s Trade Triangles for KRWTWD
The long-term trend has been UP since Jun 7th, 2023 at 0.02375097
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.02387596
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).
| 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 |