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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.

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

MarketClub’s Trade Triangles for TWDKRW

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

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

short term up 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
Smart Scan Analysis for TWDKRW
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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