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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)

Crossroads (-60) - TWDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TWDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDCAD
Open High Low TWDCAD Price Change
0.04651658 0.04652498 0.04645171 0.04649262 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term up The long-term trend has been UP since Sep 13th, 2019 at 0.04302200

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 0.04636025

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.04680328

Smart Scan Analysis for TWDCAD

Based on our trend formula, TWDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04651658 0.04652498 0.04645171 0.04649262 -0.00002400
Prev. Close Volume Bid Ask Time
0.04651658 0.04649078 0.04649445 2020-05-25 05:29:58
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