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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Long-Term Uptrend (+90) - CADTWD is in a strong uptrend that is likely to continue. While CADTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
23.888478 23.954745 23.815308 23.837195 -0.051283
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 Aug 3rd, 2023 at 23.922949

short term up The short-term trend has been UP since Sep 7th, 2023 at 23.503139

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.888478 23.954745 23.815308 23.837195 -0.051283
Prev. Close Volume Bid Ask Time
23.888478 2023-09-22 17:07:46
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