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Forex Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

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
23.589402 23.611578 23.532788 23.592481 +0.003079
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 Jan 19th, 2024 at 23.542005

short term down The short-term trend has been DOWN since Apr 29th, 2024 at 23.763339

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
23.589402 23.611578 23.532788 23.592481 +0.003079
Prev. Close Volume Bid Ask Time
23.589402 2024-05-08 17:06:07
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