Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)
Crossroads (-60) - TWDAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for TWDAUD
The long-term trend has been UP since Jan 27th, 2020 at 0.04902034
The intermediate-term trend has been DOWN since Apr 9th, 2020 at 0.05296039
The short-term trend has been DOWN since May 18th, 2020 at 0.05160221
Smart Scan Analysis for TWDAUD
Based on our trend formula, TWDAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).