Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Bear Market Rally (-75) - USDTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDTWD as it may be in the beginning 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.
MarketClub’s Trade Triangles for USDTWD
The long-term trend has been DOWN since Apr 26th, 2021 at 27.6545
The intermediate-term trend has been UP since Oct 4th, 2021 at 27.8910
The short-term trend has been DOWN since Oct 14th, 2021 at 28.0065
Smart Scan Analysis for USDTWD
Based on our trend formula, USDTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).