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Forex Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Crossroads (+60) - CADTWD 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 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.

FOREX_CADTWD
Open High Low CADTWD Price Change
22.116540 22.145419 22.002462 22.024714 -0.091826
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term down The long-term trend has been DOWN since Nov 29th, 2021 at 21.721327

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 21.947000

short term up The short-term trend has been UP since Jan 9th, 2022 at 21.904347

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.116540 22.145419 22.002462 22.024714 -0.091826
Prev. Close Volume Bid Ask Time
22.116540 2022-01-21 17:06:30
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