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.
MarketClub’s Trade Triangles for TWDUSD
The long-term trend has been DOWN since Mar 24th, 2021 at 0.03499379
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.03543036
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).