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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Countertrend Up (+85) - TWDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.03256078 0.03261526 0.03251346 0.03261431 +0.00005400
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term up The long-term trend has been UP since Dec 1st, 2022 at 0.03281497

intermediate term up The intermediate-term trend has been UP since May 19th, 2023 at 0.03270165

short term down The short-term trend has been DOWN since May 30th, 2023 at 0.03251028

Smart Scan Analysis for TWDUSD

Based on our trend formula, TWDUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03256078 0.03261526 0.03251346 0.03261431 +0.00005400
Prev. Close Volume Bid Ask Time
0.03256078 2023-06-05 18:21:31
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