Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Long-Term Uptrend (+90) - TWDHKD is in a strong uptrend that is likely to continue. While TWDHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid TWDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDHKD
The long-term trend has been UP since May 1st, 2020 at 0.26361864
The intermediate-term trend has been UP since Sep 17th, 2020 at 0.26655394
The short-term trend has been UP since Dec 1st, 2020 at 0.27330864
Smart Scan Analysis for TWDHKD
Based on our trend formula, TWDHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).