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.
MarketClub’s Trade Triangles for TWDAUD
The long-term trend has been DOWN since Dec 31st, 2020 at 0.04587680
The intermediate-term trend has been DOWN since Feb 11th, 2021 at 0.04599299
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).