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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Bull Market Weakness (+75) - TWDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDUSD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid TWDUSD?

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

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

FOREX_TWDUSD
Open High Low TWDUSD Price Change
0.03585323 0.03593310 0.03584642 0.03592793 +0.00007500
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term up The long-term trend has been UP since Apr 26th, 2021 at 0.03616048

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.03585387

short term up The short-term trend has been UP since Oct 14th, 2021 at 0.03570982

Smart Scan Analysis for TWDUSD

Based on our trend formula, TWDUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03585323 0.03593310 0.03584642 0.03592793 +0.00007500
Prev. Close Volume Bid Ask Time
0.03585323 2021-10-22 04:55:02
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