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.

Open	High	Low	TWDUSD Price	Change
0.03256078	0.03261526	0.03251346	0.03261431	+0.00005400
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

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

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

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

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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