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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for TWDAUD
The long-term trend has been UP since Aug 5th, 2024 at 0.04740719
The intermediate-term trend has been UP since Oct 15th, 2024 at 0.04641140
The short-term trend has been DOWN since Nov 18th, 2024 at 0.04735329
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04719198 | 0.04722626 | 0.04714369 | 0.04718716 | -0.00000500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04719198 | 2024-11-20 03:47:09 |