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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 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
0.02956956 0.02961514 0.02952500 0.02959279 +0.00002300
Entry Signal

MarketClub’s Trade Triangles for TWDEUR

long term up The long-term trend has been UP since Nov 2nd, 2020 at 0.03022530

intermediate term up The intermediate-term trend has been UP since Jan 10th, 2021 at 0.02947385

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.02942109

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
0.02956956 0.02961514 0.02952500 0.02959279 +0.00002300
Prev. Close Volume Bid Ask Time
0.02956956 2021-02-26 05:34:59
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