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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)
Countertrend Down (-85) - TWDINR 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 TWDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDINR.
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 TWDINR
The long-term trend has been DOWN since Nov 12th, 2024 at 2.5479339
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 2.6051435
The short-term trend has been UP since Nov 15th, 2024 at 2.6056310
Smart Scan Analysis for TWDINR
Based on our trend formula, TWDINR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6004884 | 2.6006764 | 2.5949764 | 2.5957504 | -0.0047380 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6004884 | 2024-11-20 03:25:57 |