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.
MarketClub’s Trade Triangles for TWDEUR
The long-term trend has been UP since Jun 4th, 2021 at 0.03053552
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.03087574
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).