Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
Strong Downtrend (-100) - TWDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TWDCAD continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for TWDCAD
The long-term trend has been DOWN since Apr 13th, 2023 at 0.04376254
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 0.04229126
The short-term trend has been DOWN since Sep 7th, 2023 at 0.04253569
Smart Scan Analysis for TWDCAD
Based on our trend formula, TWDCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).