Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
New Taiwan Dollar/Euro (FOREX:TWDEUR)
Bull Market Weakness (+75) - TWDEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDEUR as it may be in the beginning stages of a reversal.
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 Jul 5th, 2022 at 0.03259763
The intermediate-term trend has been DOWN since Jul 29th, 2022 at 0.03210246
The short-term trend has been UP since Aug 15th, 2022 at 0.03260278
Smart Scan Analysis for TWDEUR
Based on our trend formula, TWDEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).