Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
New Taiwan Dollar/Euro (FOREX:TWDEUR)
Strong Uptrend (+100) - TWDEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, TWDEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for TWDEUR
The long-term trend has been UP since Oct 3rd, 2023 at 0.02958290
The intermediate-term trend has been UP since Nov 21st, 2023 at 0.02930911
The short-term trend has been UP since Nov 28th, 2023 at 0.02904421
Smart Scan Analysis for TWDEUR
Based on our trend formula, TWDEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).