Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
New Taiwan Dollar/Euro (FOREX:TWDEUR)
Countertrend Down (-85) - TWDEUR 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 TWDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDEUR
The long-term trend has been DOWN since Sep 22nd, 2022 at 0.03144458
The intermediate-term trend has been DOWN since Feb 20th, 2023 at 0.03039960
The short-term trend has been UP since Mar 24th, 2023 at 0.03063973
Smart Scan Analysis for TWDEUR
Based on our trend formula, TWDEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).