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.
MarketClub’s Trade Triangles for TWDTHB
The long-term trend has been UP since Oct 17th, 2019 at 0.9978750
The intermediate-term trend has been DOWN since May 18th, 2020 at 1.0672974
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).