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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)

Long-Term Uptrend (+90) - AUDTWD is in a strong uptrend that is likely to continue. While AUDTWD 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 AUDTWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDTWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDTWD
Open High Low AUDTWD Price Change
21.460073 21.548149 21.411576 21.434567 -0.025506
Entry Signal

MarketClub’s Trade Triangles for AUDTWD

long term up The long-term trend has been UP since Apr 4th, 2024 at 21.208840

intermediate term up The intermediate-term trend has been UP since Apr 25th, 2024 at 21.272359

short term up The short-term trend has been UP since May 27th, 2024 at 21.410299

Smart Scan Analysis for AUDTWD

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

+90
Smart Scan Analysis for AUDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.460073 21.548149 21.411576 21.434567 -0.025506
Prev. Close Volume Bid Ask Time
21.460073 2024-05-29 12:03:27
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