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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADTWD
Open High Low CADTWD Price Change
22.981262 22.982768 22.981262 22.982768 +0.001506
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term down The long term trend has been DOWN since Sep 12th, 2019 at 23.351500

intermediate term up The intermediate term trend has been UP since Jan 1st, 2020 at 23.051557

short term up The short term trend has been UP since Jan 21st, 2020 at 22.970923

Smart Scan Analysis for CADTWD

Based on a pre-defined weighted trend formula for chart analysis, CADTWD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.981262 22.982768 22.981262 22.982768 +0.001506
Prev. Close Volume Bid Ask Time
22.981262 22.293334 23.672202 2020-01-21 21:00:31
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