Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Bull Market Weakness (+75) - NZDTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDTWD as it may be in the beginning stages of a reversal.
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 UP since Jun 5th, 2020 at 19.053624
The intermediate-term trend has been UP since May 20th, 2020 at 18.306320
The short-term trend has been UP since Jul 15th, 2020 at 19.375331
Smart Scan Analysis for NZDTWD
Based on our trend formula, NZDTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).