Free Daily Analysis
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.
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MarketClub’s Trade Triangles for TWDUSD
The long-term trend has been DOWN since Jan 4th, 2022 at 0.03549247
The intermediate-term trend has been DOWN since Aug 8th, 2022 at 0.03311594
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).
| 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 |