Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
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.
MarketClub’s Trade Triangles for USDTWD
The long-term trend has been UP since Jan 4th, 2022 at 28.1750
The intermediate-term trend has been UP since Jun 22nd, 2022 at 29.8395
The short-term trend has been UP since Jun 29th, 2022 at 29.7545
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).