Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)
Bear Market Rally (-75) - TWDCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDCHF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TWDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDCHF
The long-term trend has been DOWN since Jul 28th, 2022 at 0.03189375
The intermediate-term trend has been DOWN since Jul 26th, 2022 at 0.03212373
The short-term trend has been UP since Aug 15th, 2022 at 0.03152038
Smart Scan Analysis for TWDCHF
Based on our trend formula, TWDCHF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).