Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

New Taiwan Dollar/Danish Krone (FOREX:TWDDKK)

Bear Market Rally (-75) - TWDDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDDKK as it may be in the beginning of a reversal.

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.

Open	High	Low	TWDDKK Price	Change
0.20950697	0.20977406	0.20927707	0.20947367	-0.00003300
Entry Signal

MarketClub’s Trade Triangles for TWDDKK

The long-term trend has been DOWN since Mar 20th, 2024 at 0.21515712

The intermediate-term trend has been DOWN since Jul 1st, 2024 at 0.21319297

The short-term trend has been UP since Jul 23rd, 2024 at 0.20957011

Smart Scan Analysis for TWDDKK

Based on our trend formula, TWDDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.20950697	0.20977406	0.20927707	0.20947367	-0.00003300
Prev. Close	Volume	Bid	Ask	Time
0.20950697				2024-07-26 17:02:12

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