Forex Trend Analysis Report
Prepared for you on Monday, June 14, 2021.
New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)
Countertrend Up (+85) - TWDJPY 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 TWDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDJPY
The long-term trend has been UP since Oct 5th, 2020 at 3.6765361
The intermediate-term trend has been UP since Apr 27th, 2021 at 3.8975218
The short-term trend has been DOWN since Jun 4th, 2021 at 3.9579829
Smart Scan Analysis for TWDJPY
Based on our trend formula, TWDJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).