Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Sidelines Mode (+50) - NZDTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDTWD can gain momentum.
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 6th, 2021 at 19.935806
The intermediate-term trend has been UP since Oct 14th, 2021 at 19.578945
The short-term trend has been UP since Oct 10th, 2021 at 19.441426
Smart Scan Analysis for NZDTWD
Based on our trend formula, NZDTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).