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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

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

Weak Downtrend (-65) - TWDKRW is showing signs of a strengthening downtrend. Monitor TWDKRW as it may be building momentum to the downside.

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.

FOREX_TWDKRW
Open High Low TWDKRW Price Change
40.397975 40.397975 40.397975 40.397975 0.000000
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

long term up The long-term trend has been UP since Dec 3rd, 2019 at 39.124500

intermediate term down The intermediate-term trend has been DOWN since Aug 5th, 2020 at 40.493714

short term down The short-term trend has been DOWN since Jul 29th, 2020 at 40.628109

Smart Scan Analysis for TWDKRW

Based on our trend formula, TWDKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for TWDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.397975 40.397975 40.397975 40.397975 0.000000
Prev. Close Volume Bid Ask Time
40.397975 40.366891 40.429059 2020-08-08 01:46:27
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