Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)
Bear Market Rally (-75) - KRWTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWTWD as it may be in the beginning 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 Oct 13th, 2020 at 2.43149120
The intermediate-term trend has been UP since Mar 26th, 2021 at 0.02492192
The short-term trend has been DOWN since Apr 18th, 2021 at 0.02540540
Smart Scan Analysis for KRWTWD
Based on our trend formula, KRWTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).