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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
Sidelines Mode (-55) - TWDUSD 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 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.
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MarketClub’s Trade Triangles for TWDUSD
The long-term trend has been UP since Aug 18th, 2024 at 0.03127394
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.03097703
The short-term trend has been UP since Nov 15th, 2024 at 0.03088088
Smart Scan Analysis for TWDUSD
Based on our trend formula, TWDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03080762 | 0.03081617 | 0.03075173 | 0.03075504 | -0.00005300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03080762 | 2024-11-20 03:36:12 |