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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

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
4.0906002 4.1145318 4.0842933 4.1145318 +0.0239320
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term up The long-term trend has been UP since Oct 5th, 2020 at 3.6765361

intermediate term down The intermediate-term trend has been DOWN since Nov 26th, 2021 at 4.0600981

short term up The short-term trend has been UP since Dec 6th, 2021 at 4.0984882

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
4.0906002 4.1145318 4.0842933 4.1145318 +0.0239320
Prev. Close Volume Bid Ask Time
4.0906002 2021-12-08 17:59:32
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