Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Bull Market Weakness (+75) - USDTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 DOWN since Apr 29th, 2020 at 29.7500
The intermediate-term trend has been UP since Mar 8th, 2021 at 28.0755
The short-term trend has been UP since Mar 5th, 2021 at 27.9278
Smart Scan Analysis for USDTWD
Based on our trend formula, USDTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).