Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Long-Term Uptrend (+90) - CADTWD is in a strong uptrend that is likely to continue. While CADTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 3rd, 2023 at 23.922949
The intermediate-term trend has been UP since Aug 3rd, 2023 at 23.922949
The short-term trend has been UP since Sep 7th, 2023 at 23.503139
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).