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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

New Taiwan Dollar/Euro (FOREX:TWDEUR)

Weak Downtrend (-65) - TWDEUR is showing signs of a strengthening downtrend. Monitor TWDEUR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid TWDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDEUR
Open High Low TWDEUR Price Change
0.03001871 0.03003047 0.02988501 0.02990002 -0.00011900
Entry Signal

MarketClub’s Trade Triangles for TWDEUR

long term up The long-term trend has been UP since Mar 19th, 2020 at 0.03082880

intermediate term down The intermediate-term trend has been DOWN since May 26th, 2020 at 0.03035331

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.03075678

Smart Scan Analysis for TWDEUR

Based on our trend formula, TWDEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for TWDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03001871 0.03003047 0.02988501 0.02990002 -0.00011900
Prev. Close Volume Bid Ask Time
0.03001871 0.02988502 0.02991501 2020-06-02 05:26:29
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