Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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.

Open	High	Low	TWDCAD Price	Change
0.04211958	0.04220924	0.04208446	0.04213218	+0.00001300
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

The long-term trend has been DOWN since Apr 13th, 2023 at 0.04376254

The intermediate-term trend has been UP since Jul 25th, 2024 at 0.04229994

The short-term trend has been UP since Jul 23rd, 2024 at 0.04197618

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).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.04211958	0.04220924	0.04208446	0.04213218	+0.00001300
Prev. Close	Volume	Bid	Ask	Time
0.04211958				2024-07-26 19:47:51

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