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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

New Taiwan Dollar/Thai Baht (FOREX:TWDTHB)

Sidelines Mode (+55) - TWDTHB 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 TWDTHB?

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

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

FOREX_TWDTHB
Open High Low TWDTHB Price Change
1.0616792 1.0631140 1.0614350 1.0624729 +0.0007940
Entry Signal

MarketClub’s Trade Triangles for TWDTHB

long term up The long-term trend has been UP since Oct 17th, 2019 at 0.9978750

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 1.0672974

short term up The short-term trend has been UP since May 19th, 2020 at 1.0776097

Smart Scan Analysis for TWDTHB

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

+55
Smart Scan Analysis for TWDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0616792 1.0631140 1.0614350 1.0624729 +0.0007940
Prev. Close Volume Bid Ask Time
1.0616792 1.0614044 1.0635414 2020-05-25 05:20:15
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