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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

New Taiwan Dollar/Euro (FOREX:TWDEUR)

Bear Market Rally (-75) - TWDEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDEUR as it may be in the beginning 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
0.02889346 0.02898327 0.02887654 0.02895131 +0.00005800
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 Feb 20th, 2024 at 0.02938085

short term up The short-term trend has been UP since Mar 28th, 2024 at 0.02894248

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
0.02889346 0.02898327 0.02887654 0.02895131 +0.00005800
Prev. Close Volume Bid Ask Time
0.02889346 2024-03-28 12:01:30
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