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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Countertrend Down (-85) - TWDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_TWDUSD
Open High Low TWDUSD Price Change
0.03065445 0.03067861 0.03057684 0.03062338 -0.00003100
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

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

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

short term up 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 -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03065445 0.03067861 0.03057684 0.03062338 -0.00003100
Prev. Close Volume Bid Ask Time
0.03065445 2024-04-22 07:46:51
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