Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Long-Term Downtrend (-90) - NZDTWD is in a strong downtrend that is likely to continue. While NZDTWD 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 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 Feb 27th, 2020 at 19.262839
The intermediate-term trend has been DOWN since Jan 9th, 2020 at 19.806632
The short-term trend has been DOWN since Jan 27th, 2020 at 19.756791
Smart Scan Analysis for NZDTWD
Based on our trend formula, NZDTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).