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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)

Long-Term Downtrend (-90) - TWDHKD is in a strong downtrend that is likely to continue. While TWDHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_TWDHKD
Open High Low TWDHKD Price Change
0.24084803 0.24107356 0.24002468 0.24031579 -0.00053200
Entry Signal

MarketClub’s Trade Triangles for TWDHKD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.24623449

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 0.23944589

short term down The short-term trend has been DOWN since Jun 25th, 2024 at 0.24047560

Smart Scan Analysis for TWDHKD

Based on our trend formula, TWDHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TWDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24084803 0.24107356 0.24002468 0.24031579 -0.00053200
Prev. Close Volume Bid Ask Time
0.24084803 2024-06-25 14:07:17
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