Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
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.
MarketClub’s Trade Triangles for TWDSEK
The long-term trend has been UP since Jun 17th, 2021 at 0.30759182
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 0.31078943
The short-term trend has been UP since Oct 24th, 2021 at 0.30927579
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).