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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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.

FOREX_TWDKRW
Open High Low TWDKRW Price Change
44.200083 44.462497 44.134117 44.358987 +0.158904
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

long term up The long-term trend has been UP since Jul 5th, 2022 at 43.920579

intermediate term up The intermediate-term trend has been UP since Aug 18th, 2022 at 44.001275

short term up The short-term trend has been UP since Aug 10th, 2022 at 43.608866

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).

+90
Smart Scan Analysis for TWDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
44.200083 44.462497 44.134117 44.358987 +0.158904
Prev. Close Volume Bid Ask Time
44.200083 2022-08-19 16:48:40
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