Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Long-Term Uptrend (+90) - TWDKRW is in a strong uptrend that is likely to continue. While TWDKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for TWDKRW
The long-term trend has been UP since Mar 10th, 2023 at 43.479974
The intermediate-term trend has been UP since Jan 30th, 2023 at 41.147001
The short-term trend has been UP since Mar 15th, 2023 at 42.965223
Smart Scan Analysis for TWDKRW
Based on our trend formula, TWDKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).