Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

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
0.03339077 0.03347183 0.03334524 0.03343308 +0.00004200
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term up The long-term trend has been UP since Apr 29th, 2020 at 0.03361910

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2020 at 0.03320605

short term up The short-term trend has been UP since May 31st, 2020 at 0.03343084

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
0.03339077 0.03347183 0.03334524 0.03343308 +0.00004200
Prev. Close Volume Bid Ask Time
0.03339077 0.03343252 0.03343363 2020-06-01 11:36:17
Get a free daily analysis and signals for New Taiwan Dollar/US Dollar (TWDUSD) - Request Your Free Report.