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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)

Strong Downtrend (-100) - TWDAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TWDAUD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TWDAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDAUD
Open High Low TWDAUD Price Change
0.04636405 0.04637036 0.04628036 0.04630514 -0.00005900
Entry Signal

MarketClub’s Trade Triangles for TWDAUD

long term down The long-term trend has been DOWN since Apr 4th, 2024 at 0.04727872

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2024 at 0.04700662

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 0.04654057

Smart Scan Analysis for TWDAUD

Based on our trend formula, TWDAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for TWDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04636405 0.04637036 0.04628036 0.04630514 -0.00005900
Prev. Close Volume Bid Ask Time
0.04636405 2024-06-19 06:59:22
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