Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)
Crossroads (-60) - TWDNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TWDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDNZD
The long-term trend has been UP since Jun 3rd, 2021 at 0.05056581
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.05083272
The short-term trend has been DOWN since Oct 4th, 2021 at 0.05174641
Smart Scan Analysis for TWDNZD
Based on our trend formula, TWDNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).