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Forex Trend Analysis Report

Prepared for you on Wednesday, November 6, 2024.

New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)

Countertrend Up (+85) - TWDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_TWDNZD
Open High Low TWDNZD Price Change
0.05242997 0.05243652 0.05194353 0.05207436 -0.00035600
Entry Signal

MarketClub’s Trade Triangles for TWDNZD

long term up The long-term trend has been UP since Oct 25th, 2024 at 0.05214877

intermediate term up The intermediate-term trend has been UP since Oct 9th, 2024 at 0.05107514

short term down The short-term trend has been DOWN since Nov 4th, 2024 at 0.05221265

Smart Scan Analysis for TWDNZD

Based on our trend formula, TWDNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for TWDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05242997 0.05243652 0.05194353 0.05207436 -0.00035600
Prev. Close Volume Bid Ask Time
0.05242997 2024-11-06 16:32:24
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