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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

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
32.4490 32.5105 32.3510 32.4175 -0.0315
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long-term trend has been UP since Dec 2nd, 2024 at 32.6785

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2024 at 32.2735

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 32.4343

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
32.4490 32.5105 32.3510 32.4175 -0.0315
Prev. Close Volume Bid Ask Time
32.4490 2024-12-04 16:13:53
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