Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)
Bull Market Weakness (+75) - KRWTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWTWD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid KRWTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWTWD
The long-term trend has been DOWN since Dec 2nd, 2019 at 2.5626000
The intermediate-term trend has been UP since Jun 2nd, 2020 at 2.4573479
The short-term trend has been UP since Jul 8th, 2020 at 2.4673469
Smart Scan Analysis for KRWTWD
Based on our trend formula, KRWTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).