Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, July 13, 2024.

New Taiwan Dollar/Singapore Dollar (FOREX:TWDSGD)

Long-Term Downtrend (-90) - TWDSGD is in a strong downtrend that is likely to continue. While TWDSGD 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 TWDSGD?

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

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

FOREX_TWDSGD
Open High Low TWDSGD Price Change
0.04133086 0.04139701 0.04113840 0.04129130 -0.00004000
Entry Signal

MarketClub’s Trade Triangles for TWDSGD

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.04208795

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.04150077

short term down The short-term trend has been DOWN since Jul 8th, 2024 at 0.04152011

Smart Scan Analysis for TWDSGD

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

-90
Smart Scan Analysis for TWDSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04133086 0.04139701 0.04113840 0.04129130 -0.00004000
Prev. Close Volume Bid Ask Time
0.04146869 2024-07-12 17:04:50
Get a free daily analysis and signals for New Taiwan Dollar/Singapore Dollar (TWDSGD) - Request Your Free Report.