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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)

Weak Downtrend (-65) - TWDCAD is showing signs of a strengthening downtrend. Monitor TWDCAD as it may be building momentum to the downside.

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
0.04306877 0.04313152 0.04291789 0.04295158 -0.00011700
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term down The long-term trend has been DOWN since Mar 15th, 2022 at 0.04461759

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.04311580

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.04271372

Smart Scan Analysis for TWDCAD

Based on our trend formula, TWDCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04306877 0.04313152 0.04291789 0.04295158 -0.00011700
Prev. Close Volume Bid Ask Time
0.04306877 2022-08-18 07:52:29
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