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Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Sidelines Mode (+50) - CADTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADTWD can gain momentum.
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 Sep 12th, 2019 at 23.351500
The intermediate-term trend has been UP since May 19th, 2020 at 21.430575
The short-term trend has been UP since May 18th, 2020 at 21.289536
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.054540 | 22.054540 | 22.054540 | 22.054540 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.054540 | 21.391678 | 22.717402 | 2020-06-01 21:09:45 |