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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

New Taiwan Dollar/Euro (FOREX:TWDEUR)

Countertrend Down (-85) - TWDEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.02857879 0.02863861 0.02854482 0.02858656 +0.00000800
Entry Signal

MarketClub’s Trade Triangles for TWDEUR

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.02885860

intermediate term down The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 0.02866585

short term up The short-term trend has been UP since May 16th, 2024 at 0.02876615

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
0.02857879 0.02863861 0.02854482 0.02858656 +0.00000800
Prev. Close Volume Bid Ask Time
0.02857879 2024-05-17 17:00:34
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