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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Countertrend Up (+85) - USDTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDTWD
The long-term trend has been UP since Mar 18th, 2024 at 31.7268
The intermediate-term trend has been UP since Jun 25th, 2024 at 32.4800
The short-term trend has been DOWN since Jul 24th, 2024 at 32.7550
Smart Scan Analysis for USDTWD
Based on our trend formula, USDTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.8100 | 32.8331 | 32.7805 | 32.8130 | +0.0030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.8100 | 2024-07-26 19:47:41 |