Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Sidelines Mode (+55) - TWDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since May 1st, 2020 at 0.26361864
The intermediate-term trend has been DOWN since May 22nd, 2020 at 0.25698909
The short-term trend has been UP since May 28th, 2020 at 0.26027674
Smart Scan Analysis for TWDHKD
Based on our trend formula, TWDHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).