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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

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.

FOREX_TWDSEK
Open High Low TWDSEK Price Change
0.32326428 0.32589585 0.32315397 0.32529152 +0.00202700
Entry Signal

MarketClub’s Trade Triangles for TWDSEK

long term down The long-term trend has been DOWN since Jul 19th, 2023 at 0.32771865

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.33147705

short term up The short-term trend has been UP since Jun 13th, 2024 at 0.32664536

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).

-75
Smart Scan Analysis for TWDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.32326428 0.32589585 0.32315397 0.32529152 +0.00202700
Prev. Close Volume Bid Ask Time
0.32326428 2024-06-14 05:50:01
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