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Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Sidelines Mode (+55) - TWDKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TWDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDKRW.
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 TWDKRW
The long-term trend has been UP since Dec 3rd, 2019 at 39.124500
The intermediate-term trend has been UP since Jul 28th, 2020 at 41.034107
The short-term trend has been DOWN since Jul 29th, 2020 at 40.628109
Smart Scan Analysis for TWDKRW
Based on our trend formula, TWDKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 40.667587 | 40.701647 | 40.578981 | 40.623638 | -0.043949 |
| Prev. Close | Volume | Bid | Ask | Time |
| 40.667587 | 40.589578 | 40.657698 | 2020-08-03 19:53:58 |