Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)

Crossroads (+60) - TWDKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	TWDKRW Price	Change
42.096734	42.134576	41.981055	42.059196	-0.037538
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

The long-term trend has been DOWN since Jun 8th, 2023 at 42.119080

The intermediate-term trend has been UP since Sep 26th, 2023 at 41.914892

The short-term trend has been UP since Oct 2nd, 2023 at 42.233397

Smart Scan Analysis for TWDKRW

Based on our trend formula, TWDKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
42.096734	42.134576	41.981055	42.059196	-0.037538
Prev. Close	Volume	Bid	Ask	Time
42.096734				2023-10-03 13:15:11

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