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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Bull Market Weakness (+75) - USDTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
28.0677 28.3345 28.0393 28.3101 +0.2424
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term down The long-term trend has been DOWN since Apr 29th, 2020 at 29.7500

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2021 at 28.0755

short term up The short-term trend has been UP since Mar 5th, 2021 at 27.9278

Smart Scan Analysis for USDTWD

Based on our trend formula, USDTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.0677 28.3345 28.0393 28.3101 +0.2424
Prev. Close Volume Bid Ask Time
28.0677 2021-03-08 19:16:32
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