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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Bear Market Rally (-75) - CADTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADTWD as it may be in the beginning 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
22.664674 22.664674 22.664674 22.664674 0.000000
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 down The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 22.916126

short term up The short-term trend has been UP since Feb 16th, 2020 at 22.662965

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.664674 22.664674 22.664674 22.664674 0.000000
Prev. Close Volume Bid Ask Time
22.781806 21.967827 23.361521 2020-02-16 21:04:33
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