Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Countertrend Up (+85) - CADTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for CADTWD
The long-term trend has been UP since Oct 14th, 2021 at 22.628353
The intermediate-term trend has been UP since Oct 4th, 2021 at 21.970209
The short-term trend has been UP since Sep 27th, 2021 at 21.952133
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).