Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Sidelines Mode (-55) - NZDTWD 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 NZDTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDTWD
The long-term trend has been DOWN since Jun 2nd, 2022 at 18.571560
The intermediate-term trend has been UP since Jul 22nd, 2022 at 18.787863
The short-term trend has been DOWN since Aug 15th, 2022 at 19.139506
Smart Scan Analysis for NZDTWD
Based on our trend formula, NZDTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).