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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Long-Term Downtrend (-90) - CADTWD is in a strong downtrend that is likely to continue. While CADTWD 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 CADTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADTWD
The long-term trend has been DOWN since Aug 5th, 2024 at 23.446736
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 22.848902
The short-term trend has been DOWN since Dec 25th, 2024 at 22.647953
Smart Scan Analysis for CADTWD
Based on our trend formula, CADTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.801136 | 22.804582 | 22.727525 | 22.762890 | -0.038246 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.801136 | 2024-12-26 06:00:24 |