Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)
Bear Market Rally (-75) - TWDSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDSEK as it may be in the beginning of a reversal.
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 DOWN since Jul 19th, 2023 at 0.32771865
The intermediate-term trend has been DOWN since Nov 9th, 2023 at 0.33661299
The short-term trend has been UP since Nov 29th, 2023 at 0.33218526
Smart Scan Analysis for TWDSEK
Based on our trend formula, TWDSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).