Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
New Taiwan Dollar/Danish Krone (FOREX:TWDDKK)
Sidelines Mode (+55) - TWDDKK 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 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 UP since Mar 5th, 2021 at 0.22199815
The intermediate-term trend has been UP since Aug 4th, 2021 at 0.22566317
The short-term trend has been DOWN since Oct 10th, 2021 at 0.22941713
Smart Scan Analysis for TWDDKK
Based on our trend formula, TWDDKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).