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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Countertrend Down (-85) - TWDHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TWDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TWDHKD
The long-term trend has been DOWN since Nov 12th, 2024 at 0.23728109
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.24058904
The short-term trend has been UP since Nov 19th, 2024 at 0.24070554
Smart Scan Analysis for TWDHKD
Based on our trend formula, TWDHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23979372 | 0.23987842 | 0.23927126 | 0.23933616 | -0.00045800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23979372 | 2024-11-20 03:47:37 |