Forex Trend Analysis Report
Prepared for you on Saturday, June 19, 2021.
New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)
Long-Term Uptrend (+90) - TWDAUD is in a strong uptrend that is likely to continue. While TWDAUD 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 TWDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDAUD
The long-term trend has been UP since Jun 15th, 2021 at 0.04710531
The intermediate-term trend has been UP since May 4th, 2021 at 0.04640786
The short-term trend has been UP since Jun 11th, 2021 at 0.04675473
Smart Scan Analysis for TWDAUD
Based on our trend formula, TWDAUD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).