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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)

Sidelines Mode (+55) - TWDSEK 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 TWDSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDSEK
Open High Low TWDSEK Price Change
0.31902869 0.31918308 0.31292047 0.31347087 -0.00555800
Entry Signal

MarketClub’s Trade Triangles for TWDSEK

long term up The long-term trend has been UP since Feb 6th, 2019 at 0.29672000

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2020 at 0.32768639

short term up The short-term trend has been UP since May 12th, 2020 at 0.33096507

Smart Scan Analysis for TWDSEK

Based on our trend formula, TWDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TWDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31902869 0.31918308 0.31292047 0.31347087 -0.00555800
Prev. Close Volume Bid Ask Time
0.31902869 0.31302423 0.31391751 2020-05-29 17:08:55
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