Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
New Taiwan Dollar/Danish Krone (FOREX:TWDDKK)
Crossroads (+60) - TWDDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TWDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDDKK
The long-term trend has been DOWN since May 19th, 2022 at 0.23225874
The intermediate-term trend has been UP since Jun 13th, 2022 at 0.24059353
The short-term trend has been UP since Jun 30th, 2022 at 0.24027205
Smart Scan Analysis for TWDDKK
Based on our trend formula, TWDDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).