Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
Bull Market Weakness (+75) - TWDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDUSD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for TWDUSD
The long-term trend has been UP since Apr 26th, 2021 at 0.03616048
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.03585387
The short-term trend has been UP since Oct 14th, 2021 at 0.03570982
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).