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Forex Trend Analysis Report

Prepared for you on Sunday, May 22, 2022.

Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)

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

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

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

FOREX_HKDTWD
Open High Low HKDTWD Price Change
3.7805820 3.7915730 3.7701242 3.7881496 +0.0075680
Entry Signal

MarketClub’s Trade Triangles for HKDTWD

long term up The long-term trend has been UP since Jan 4th, 2022 at 3.6131312

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2022 at 3.6395166

short term up The short-term trend has been UP since May 19th, 2022 at 3.8016008

Smart Scan Analysis for HKDTWD

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

+90
Smart Scan Analysis for HKDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7805820 3.7915730 3.7701242 3.7881496 +0.0075680
Prev. Close Volume Bid Ask Time
3.7805820 2022-05-20 17:04:54
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