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.
MarketClub’s Trade Triangles for USDTWD
The long-term trend has been DOWN since Apr 26th, 2021 at 27.6545
The intermediate-term trend has been UP since Oct 4th, 2021 at 27.8910
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).