Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)
Sidelines Mode (+55) - TWDCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TWDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDCHF
The long-term trend has been DOWN since Jan 30th, 2020 at 0.03203600
The intermediate-term trend has been UP since Mar 20th, 2020 at 0.03228249
The short-term trend has been DOWN since Apr 8th, 2020 at 0.03227864
Smart Scan Analysis for TWDCHF
Based on our trend formula, TWDCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).