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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)

Countertrend Up (+85) - TWDINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_TWDINR
Open High Low TWDINR Price Change
2.6396340 2.6445588 2.6309531 2.6331088 -0.0065250
Entry Signal

MarketClub’s Trade Triangles for TWDINR

long term up The long-term trend has been UP since Apr 19th, 2021 at 2.6624787

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 2.5851556

short term up The short-term trend has been UP since Apr 19th, 2021 at 2.6550121

Smart Scan Analysis for TWDINR

Based on our trend formula, TWDINR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for TWDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6396340 2.6445588 2.6309531 2.6331088 -0.0065250
Prev. Close Volume Bid Ask Time
2.6396340 2021-05-06 14:51:17
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