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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

New Taiwan Dollar/Euro (FOREX:TWDEUR)

Countertrend Up (+85) - TWDEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.03084208 0.03087366 0.03080429 0.03084120 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for TWDEUR

long term up The long-term trend has been UP since Jun 4th, 2021 at 0.03053552

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 0.03087574

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 0.03070749

Smart Scan Analysis for TWDEUR

Based on our trend formula, TWDEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for TWDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03084208 0.03087366 0.03080429 0.03084120 -0.00000100
Prev. Close Volume Bid Ask Time
0.03084208 2021-10-22 06:37:07
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