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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.

FOREX_USDTWD
Open High Low USDTWD Price Change
29.7945 29.8103 29.7945 29.7965 +0.0020
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long-term trend has been UP since Jan 4th, 2022 at 28.1750

intermediate term up The intermediate-term trend has been UP since Jun 22nd, 2022 at 29.8395

short term up 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).

+90
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.7945 29.8103 29.7945 29.7965 +0.0020
Prev. Close Volume Bid Ask Time
29.7945 2022-07-07 00:09:39
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