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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Bull Market Weakness (+75) - CADTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADTWD as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for CADTWD
The long-term trend has been DOWN since Aug 5th, 2024 at 23.446736
The intermediate-term trend has been UP since Nov 11th, 2024 at 23.277793
The short-term trend has been UP since Nov 19th, 2024 at 23.200003
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.256206 | 23.290906 | 23.246535 | 23.278878 | +0.022672 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.256206 | 2024-11-20 03:27:14 |