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.
MarketClub’s Trade Triangles for TWDSEK
The long-term trend has been DOWN since Apr 21st, 2021 at 0.27033307
The intermediate-term trend has been UP since May 4th, 2021 at 0.30258185
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).