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Forex Trend Analysis Report

Prepared for you on Saturday, March 2, 2024.

Euro/New Taiwan Dollar (FOREX:EURTWD)

Sidelines Mode (-55) - EURTWD 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 EURTWD?

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

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

FOREX_EURTWD
Open High Low EURTWD Price Change
34.186135 34.274548 34.140480 34.250054 +0.063919
Entry Signal

MarketClub’s Trade Triangles for EURTWD

long term down The long-term trend has been DOWN since Dec 6th, 2023 at 33.770832

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 34.035774

short term down The short-term trend has been DOWN since Feb 29th, 2024 at 34.146064

Smart Scan Analysis for EURTWD

Based on our trend formula, EURTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.186135 34.274548 34.140480 34.250054 +0.063919
Prev. Close Volume Bid Ask Time
34.216000 2024-03-01 17:02:34
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