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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Sidelines Mode (-50) - USDTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDTWD can gain momentum.

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
32.3950 32.4140 32.3300 32.3458 -0.0492
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long-term trend has been UP since Mar 18th, 2024 at 31.7268

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 32.1140

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 32.3305

Smart Scan Analysis for USDTWD

Based on our trend formula, USDTWD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.3950 32.4140 32.3300 32.3458 -0.0492
Prev. Close Volume Bid Ask Time
32.3458 2024-06-14 19:52:42
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