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.
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).