Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)
Crossroads (-60) - TWDAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Oct 7th, 2021 at 0.04897804
The short-term trend has been DOWN since Oct 3rd, 2021 at 0.04943101
Smart Scan Analysis for TWDAUD
Based on our trend formula, TWDAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).