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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.

FOREX_TWDKRW
Open High Low TWDKRW Price Change
40.667587 40.701647 40.578981 40.623638 -0.043949
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

long term up The long-term trend has been UP since Dec 3rd, 2019 at 39.124500

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2020 at 41.034107

short term down 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).

+55
Smart Scan Analysis for TWDKRW
Strong Downtrend Sideways 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
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