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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.

FOREX_USDTWD
Open High Low USDTWD Price Change
30.5618 30.5631 30.3195 30.4960 -0.0658
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long-term trend has been UP since Mar 16th, 2023 at 31.9235

intermediate term up The intermediate-term trend has been UP since Mar 16th, 2023 at 31.9235

short term down 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).

+65
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.5618 30.5631 30.3195 30.4960 -0.0658
Prev. Close Volume Bid Ask Time
30.5618 2023-03-21 19:33:53
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