Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
Long-Term Downtrend (-90) - TWDCAD is in a strong downtrend that is likely to continue. While TWDCAD is showing intraday strength, it remains in the confines of a bearish trend. 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 Feb 17th, 2021 at 0.04496386
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.04523184
The short-term trend has been DOWN since Feb 24th, 2021 at 0.04506271
Smart Scan Analysis for TWDCAD
Based on our trend formula, TWDCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).