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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

New Taiwan Dollar/Danish Krone (FOREX:TWDDKK)

Long-Term Downtrend (-90) - TWDDKK is in a strong downtrend that is likely to continue. While TWDDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TWDDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDDKK
Open High Low TWDDKK Price Change
0.21302917 0.21315834 0.21280767 0.21312130 +0.00009200
Entry Signal

MarketClub’s Trade Triangles for TWDDKK

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.21515712

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2024 at 0.21382648

short term down The short-term trend has been DOWN since May 16th, 2024 at 0.21298409

Smart Scan Analysis for TWDDKK

Based on our trend formula, TWDDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TWDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21302917 0.21315834 0.21280767 0.21312130 +0.00009200
Prev. Close Volume Bid Ask Time
0.21302917 2024-05-22 06:25:37
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