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Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)

Long-Term Downtrend (-90) - TWDJPY is in a strong downtrend that is likely to continue. While TWDJPY 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 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
4.6203323 4.6212705 4.5724583 4.5937395 -0.0265930
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term down The long-term trend has been DOWN since Jul 24th, 2024 at 4.7041688

intermediate term down The intermediate-term trend has been DOWN since Nov 26th, 2024 at 4.7169811

short term down The short-term trend has been DOWN since Nov 26th, 2024 at 4.7245941

Smart Scan Analysis for TWDJPY

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

-90
Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6203323 4.6212705 4.5724583 4.5937395 -0.0265930
Prev. Close Volume Bid Ask Time
4.6203323 2024-12-02 18:29:30
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