Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 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.

FOREX_CADTWD
Open High Low CADTWD Price Change
23.582483 23.617930 23.520262 23.542197 -0.040286
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term up The long-term trend has been UP since Aug 3rd, 2023 at 23.922949

intermediate term up The intermediate-term trend has been UP since Jan 19th, 2024 at 23.542005

short term up The short-term trend has been UP since Apr 15th, 2024 at 23.597954

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).

+70
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.582483 23.617930 23.520262 23.542197 -0.040286
Prev. Close Volume Bid Ask Time
23.582483 2024-04-16 09:43:50
Get a free daily analysis and signals for Canadian Dollar/New Taiwan Dollar (CADTWD) - Request Your Free Report.