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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.

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FOREX_TWDCAD
Open High Low TWDCAD Price Change
0.04495527 0.04510349 0.04484565 0.04507462 +0.00011900
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term down The long-term trend has been DOWN since Feb 17th, 2021 at 0.04496386

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.04523184

short term down 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).

-90
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04495527 0.04510349 0.04484565 0.04507462 +0.00011900
Prev. Close Volume Bid Ask Time
0.04495527 2021-02-25 12:13:32
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