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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)

Bull Market Weakness (+75) - TWDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDJPY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid TWDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDJPY
Open High Low TWDJPY Price Change
4.7564222 4.7614771 4.7515341 4.7557562 -0.0006660
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term up The long-term trend has been UP since Feb 8th, 2024 at 4.7672316

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2024 at 4.7597357

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 4.7403058

Smart Scan Analysis for TWDJPY

Based on our trend formula, TWDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7564222 4.7614771 4.7515341 4.7557562 -0.0006660
Prev. Close Volume Bid Ask Time
4.7564222 2024-04-24 05:38:51
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