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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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.

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
0.04197020 0.04201957 0.04196868 0.04199559 +0.00002500
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

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

intermediate term down The intermediate-term trend has been DOWN since Feb 13th, 2024 at 0.04271722

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 0.04238165

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
0.04197020 0.04201957 0.04196868 0.04199559 +0.00002500
Prev. Close Volume Bid Ask Time
0.04197020 2024-04-24 03:15:00
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