Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Sidelines Mode (-55) - USDTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Aug 2nd, 2023 at 31.6650
The intermediate-term trend has been DOWN since Nov 5th, 2023 at 32.0888
The short-term trend has been UP since Dec 8th, 2023 at 31.6705
Smart Scan Analysis for USDTWD
Based on our trend formula, USDTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).