Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Weak Uptrend (+65) - CADTWD is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for CADTWD
The long-term trend has been UP since Mar 20th, 2022 at 22.583085
The intermediate-term trend has been UP since Jul 19th, 2022 at 23.193952
The short-term trend has been DOWN since Aug 15th, 2022 at 23.407266
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).