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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Weak Downtrend (-65) - USDTWD is showing signs of a strengthening downtrend. Monitor USDTWD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDTWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDTWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDTWD
Open High Low USDTWD Price Change
27.8612 27.8995 27.8548 27.8828 +0.0216
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term down The long-term trend has been DOWN since Apr 26th, 2021 at 27.6545

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 27.8910

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 28.0065

Smart Scan Analysis for USDTWD

Based on our trend formula, USDTWD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.8612 27.8995 27.8548 27.8828 +0.0216
Prev. Close Volume Bid Ask Time
27.8612 2021-10-21 16:56:49
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