Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)
Sidelines Mode (-55) - TWDNZD 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 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 DOWN since Nov 23rd, 2020 at 0.05018091
The intermediate-term trend has been DOWN since Dec 30th, 2020 at 0.04925164
The short-term trend has been UP since Feb 26th, 2021 at 0.04912596
Smart Scan Analysis for TWDNZD
Based on our trend formula, TWDNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).