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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for USDTWD
The long-term trend has been DOWN since Aug 14th, 2024 at 32.0133
The intermediate-term trend has been UP since Nov 6th, 2024 at 32.2735
The short-term trend has been DOWN since Nov 15th, 2024 at 32.3825
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.4595 | 32.5165 | 32.4505 | 32.5130 | +0.0535 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.4595 | 2024-11-20 03:29:54 |