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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Sidelines Mode (+50) - CADTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADTWD can gain momentum.

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
22.054540 22.054540 22.054540 22.054540 0.000000
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term down The long-term trend has been DOWN since Sep 12th, 2019 at 23.351500

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 21.430575

short term up The short-term trend has been UP since May 18th, 2020 at 21.289536

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.054540 22.054540 22.054540 22.054540 0.000000
Prev. Close Volume Bid Ask Time
22.054540 21.391678 22.717402 2020-06-01 21:09:45
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