Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
Long-Term Uptrend (+90) - TWDUSD is in a strong uptrend that is likely to continue. While TWDUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for TWDUSD
The long-term trend has been UP since Apr 29th, 2020 at 0.03361910
The intermediate-term trend has been UP since Feb 2nd, 2021 at 0.03588345
The short-term trend has been UP since Mar 3rd, 2021 at 0.03606073
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).