Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)
Long-Term Uptrend (+90) - TWDAUD is in a strong uptrend that is likely to continue. While TWDAUD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jan 20th, 2020 at 0.04875878
The short-term trend has been UP since Feb 20th, 2020 at 0.05006918
Smart Scan Analysis for TWDAUD
Based on our trend formula, TWDAUD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).