Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Bear Market Rally (-75) - TWDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDUSD as it may be in the beginning 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.

Open	High	Low	TWDUSD Price	Change
0.03075362	0.03086405	0.03070357	0.03073519	-0.00001800
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

The long-term trend has been DOWN since Mar 19th, 2024 at 0.03150020

The intermediate-term trend has been DOWN since Jan 15th, 2024 at 0.03185045

The short-term trend has been UP since Apr 18th, 2024 at 0.03093246

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.03075362	0.03086405	0.03070357	0.03073519	-0.00001800
Prev. Close	Volume	Bid	Ask	Time
0.03075362				2024-04-19 17:02:45

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