Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 UP since Jan 1st, 2020 at 23.051557
The short term trend has been UP since Jan 21st, 2020 at 22.970923
Smart Scan Analysis for CADTWD
Based on a pre-defined weighted trend formula for chart analysis, CADTWD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).