Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Crossroads (+60) - USDTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 29.750
The intermediate-term trend has been UP since May 22nd, 2020 at 30.115
The short-term trend has been UP since May 14th, 2020 at 29.943
Smart Scan Analysis for USDTWD
Based on our trend formula, USDTWD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).