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Forex Trend Analysis Report

Prepared for you on Saturday, May 8, 2021.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Crossroads (+60) - TWDUSD 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 TWDUSD?

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

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

FOREX_TWDUSD
Open High Low TWDUSD Price Change
0.03582368 0.03711375 0.03581406 0.03599169 +0.00016800
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term down The long-term trend has been DOWN since Mar 24th, 2021 at 0.03499379

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 0.03543036

short term up The short-term trend has been UP since Apr 15th, 2021 at 0.03529392

Smart Scan Analysis for TWDUSD

Based on our trend formula, TWDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03582368 0.03711375 0.03581406 0.03599169 +0.00016800
Prev. Close Volume Bid Ask Time
0.03582368 2021-05-07 17:11:13
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