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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)

Long-Term Downtrend (-90) - TWDNZD is in a strong downtrend that is likely to continue. While TWDNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_TWDNZD
Open High Low TWDNZD Price Change
0.05029239 0.05035413 0.04984181 0.05008133 -0.00021100
Entry Signal

MarketClub’s Trade Triangles for TWDNZD

long term down The long-term trend has been DOWN since May 8th, 2023 at 0.05146838

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2024 at 0.05140447

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.05021275

Smart Scan Analysis for TWDNZD

Based on our trend formula, TWDNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TWDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05029239 0.05035413 0.04984181 0.05008133 -0.00021100
Prev. Close Volume Bid Ask Time
0.05029239 2024-06-12 17:39:24
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