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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)

Sidelines Mode (-55) - TWDAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_TWDAUD
Open High Low TWDAUD Price Change
0.04630349 0.04655107 0.04610709 0.04627453 -0.00002900
Entry Signal

MarketClub’s Trade Triangles for TWDAUD

long term down The long-term trend has been DOWN since Dec 31st, 2020 at 0.04587680

intermediate term down The intermediate-term trend has been DOWN since Feb 11th, 2021 at 0.04599299

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.04565858

Smart Scan Analysis for TWDAUD

Based on our trend formula, TWDAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for TWDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04630349 0.04655107 0.04610709 0.04627453 -0.00002900
Prev. Close Volume Bid Ask Time
0.04630349 2021-03-08 20:29:29
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