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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Weak Uptrend (+65) - CADTWD is showing signs of weakening momentum to the upside. Monitor 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
23.185525 23.215123 23.135385 23.173702 -0.011823
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term up The long-term trend has been UP since Mar 20th, 2022 at 22.583085

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 23.193952

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 23.407266

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.185525 23.215123 23.135385 23.173702 -0.011823
Prev. Close Volume Bid Ask Time
23.185525 2022-08-19 17:00:28
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