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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.

FOREX_TWDEUR
Open High Low TWDEUR Price Change
0.03279910 0.03292301 0.03278535 0.03290500 +0.00010600
Entry Signal

MarketClub’s Trade Triangles for TWDEUR

long term up The long-term trend has been UP since Jul 5th, 2022 at 0.03259763

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2022 at 0.03210246

short term up 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).

+75
Smart Scan Analysis for TWDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03279910 0.03292301 0.03278535 0.03290500 +0.00010600
Prev. Close Volume Bid Ask Time
0.03279910 2022-08-16 06:47:56
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