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.
MarketClub’s Trade Triangles for TWDUSD
The long-term trend has been DOWN since Mar 18th, 2020 at 0.03271984
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.03278098
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).