Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)
Countertrend Down (-85) - TWDCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 May 3rd, 2023 at 0.02882833
The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 0.02765466
The short-term trend has been UP since Dec 7th, 2023 at 0.02790024
Smart Scan Analysis for TWDCHF
Based on our trend formula, TWDCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).