Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Bear Market Rally (-75) - CADTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADTWD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CADTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADTWD
The long-term trend has been DOWN since Sep 12th, 2019 at 23.351500
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 22.916126
The short-term trend has been UP since Feb 16th, 2020 at 22.662965
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).