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.
MarketClub’s Trade Triangles for TWDCAD
The long-term trend has been UP since Sep 13th, 2019 at 0.04302200
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.04636025
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).