Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)
Strong Uptrend (+100) - TWDJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, TWDJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Sep 24th, 2021 at 3.9907622
The short-term trend has been UP since Oct 10th, 2021 at 4.0010099
Smart Scan Analysis for TWDJPY
Based on our trend formula, TWDJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).