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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Long-Term Uptrend (+90) - USDTWD is in a strong uptrend that is likely to continue. While USDTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
32.0093 32.0100 31.9985 31.9998 -0.0095
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long-term trend has been UP since Mar 18th, 2024 at 31.7268

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 31.7268

short term up The short-term trend has been UP since Mar 13th, 2024 at 31.5033

Smart Scan Analysis for USDTWD

Based on our trend formula, USDTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.0093 32.0100 31.9985 31.9998 -0.0095
Prev. Close Volume Bid Ask Time
32.0093 2024-03-29 00:53:08
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