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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Crossroads (-60) - CADTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 3rd, 2023 at 23.922949
The intermediate-term trend has been DOWN since Jul 25th, 2024 at 23.676746
The short-term trend has been DOWN since Jul 23rd, 2024 at 23.818241
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.744129 | 23.761494 | 23.687859 | 23.688124 | -0.056005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.744129 | 2024-07-26 17:00:04 |