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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.
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MarketClub’s Trade Triangles for TWDJPY
The long-term trend has been DOWN since Jul 24th, 2024 at 4.7041688
The intermediate-term trend has been DOWN since Nov 26th, 2024 at 4.7169811
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).
| 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 |