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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Countertrend Up (+85) - CADTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CADTWD
Open High Low CADTWD Price Change
22.678885 22.678885 22.678885 22.678885 0.000000
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term up The long-term trend has been UP since Oct 14th, 2021 at 22.628353

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 21.970209

short term up The short-term trend has been UP since Sep 27th, 2021 at 21.952133

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.678885 22.678885 22.678885 22.678885 0.000000
Prev. Close Volume Bid Ask Time
22.678885 2021-10-14 07:18:43
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