Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Weak Uptrend (+65) - USDTWD is showing signs of weakening momentum to the upside. Monitor USDTWD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDTWD
The long-term trend has been UP since Mar 16th, 2023 at 31.9235
The intermediate-term trend has been UP since Mar 16th, 2023 at 31.9235
The short-term trend has been DOWN since Mar 20th, 2023 at 30.4295
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).