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Forex Trend Analysis Report

Prepared for you on Sunday, September 8, 2024.

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
23.655659 23.731607 23.549156 23.608958 -0.046701
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 23.446736

intermediate term up The intermediate-term trend has been UP since Sep 4th, 2024 at 23.796758

short term down The short-term trend has been DOWN since Sep 5th, 2024 at 23.607555

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
23.655659 23.731607 23.549156 23.608958 -0.046701
Prev. Close Volume Bid Ask Time
23.655659 2024-09-06 17:06:37
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