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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)

Bear Market Rally (-75) - TWDSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDSEK as it may be in the beginning of a reversal.

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

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

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

FOREX_TWDSEK
Open High Low TWDSEK Price Change
0.29797671 0.29996627 0.29744069 0.29962856 +0.00165200
Entry Signal

MarketClub’s Trade Triangles for TWDSEK

long term down The long-term trend has been DOWN since Apr 21st, 2021 at 0.27033307

intermediate term up The intermediate-term trend has been UP since May 4th, 2021 at 0.30258185

short term down The short-term trend has been DOWN since May 7th, 2021 at 0.30104532

Smart Scan Analysis for TWDSEK

Based on our trend formula, TWDSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TWDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29797671 0.29996627 0.29744069 0.29962856 +0.00165200
Prev. Close Volume Bid Ask Time
0.29797671 2021-05-12 23:00:57
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