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.
MarketClub’s Trade Triangles for TWDCAD
The long-term trend has been DOWN since Mar 15th, 2022 at 0.04461759
The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.04311580
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).