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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Strong Downtrend (-100) - TWDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TWDUSD continues to fall. Traders should use caution and set stops.

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
0.03333056 0.03335390 0.03332389 0.03333812 +0.00000800
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term down The long-term trend has been DOWN since Jan 4th, 2022 at 0.03549247

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2022 at 0.03311594

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.03330227

Smart Scan Analysis for TWDUSD

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

-100
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03333056 0.03335390 0.03332389 0.03333812 +0.00000800
Prev. Close Volume Bid Ask Time
0.03333056 2022-08-16 05:18:28
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