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Forex Trend Analysis Report

Prepared for you on Thursday, December 1, 2022.

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.

FOREX_TWDCHF
Open High Low TWDCHF Price Change
0.03081090 0.03145969 0.03059356 0.03062087 -0.00019000
Entry Signal

MarketClub’s Trade Triangles for TWDCHF

long term down The long-term trend has been DOWN since Jul 28th, 2022 at 0.03189375

intermediate term down The intermediate-term trend has been DOWN since Oct 26th, 2022 at 0.03069045

short term up The short-term trend has been UP since Nov 28th, 2022 at 0.03075032

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).

-85
Smart Scan Analysis for TWDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03081090 0.03145969 0.03059356 0.03062087 -0.00019000
Prev. Close Volume Bid Ask Time
0.03081090 2022-12-01 15:46:32
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