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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.

FOREX_USDTWD
Open High Low USDTWD Price Change
30.0820 30.0880 30.0575 30.0630 -0.0190
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term down The long-term trend has been DOWN since Apr 29th, 2020 at 29.750

intermediate term up The intermediate-term trend has been UP since May 22nd, 2020 at 30.115

short term up 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).

+60
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.0820 30.0880 30.0575 30.0630 -0.0190
Prev. Close Volume Bid Ask Time
30.0820 30.0480 30.0780 2020-05-25 04:40:41
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