Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Bull Market Weakness (+75) - TWDHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDHKD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for TWDHKD
The long-term trend has been DOWN since Aug 1st, 2023 at 0.24707273
The intermediate-term trend has been UP since Nov 5th, 2023 at 0.24388838
The short-term trend has been UP since Nov 27th, 2023 at 0.24791943
Smart Scan Analysis for TWDHKD
Based on our trend formula, TWDHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).