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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Weak Uptrend (+65) - USDTWD is showing signs of weakening momentum to the upside. Monitor USDTWD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDTWD?

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

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

FOREX_USDTWD
Open High Low USDTWD Price Change
32.3583 32.4019 32.3025 32.3803 +0.0220
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long-term trend has been UP since Mar 18th, 2024 at 31.7268

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 32.1140

short term up The short-term trend has been UP since Jun 18th, 2024 at 32.4140

Smart Scan Analysis for USDTWD

Based on our trend formula, USDTWD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.3583 32.4019 32.3025 32.3803 +0.0220
Prev. Close Volume Bid Ask Time
32.3583 2024-06-20 16:56:38
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