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Forex Trend Analysis Report

Prepared for you on Sunday, April 5, 2020.

New Taiwan Dollar/US Dollar (FOREX:TWDUSD)

Long-Term Downtrend (-90) - TWDUSD is in a strong downtrend that is likely to continue. While TWDUSD 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 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
0.03309615 0.03320607 0.03298698 0.03305241 -0.00004400
Entry Signal

MarketClub’s Trade Triangles for TWDUSD

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 0.03271984

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.03278098

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 0.03297772

Smart Scan Analysis for TWDUSD

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

-90
Smart Scan Analysis for TWDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03309615 0.03320607 0.03298698 0.03305241 -0.00004400
Prev. Close Volume Bid Ask Time
0.03309615 0.03302510 0.03307972 2020-04-03 17:18:30
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