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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)

Countertrend Down (-85) - CADTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CADTWD
Open High Low CADTWD Price Change
22.339380 22.340359 22.302413 22.309072 -0.030308
Entry Signal

MarketClub’s Trade Triangles for CADTWD

long term down The long-term trend has been DOWN since Oct 7th, 2022 at 22.681839

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 22.359480

short term up The short-term trend has been UP since Mar 12th, 2023 at 22.392453

Smart Scan Analysis for CADTWD

Based on our trend formula, CADTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.339380 22.340359 22.302413 22.309072 -0.030308
Prev. Close Volume Bid Ask Time
22.339380 2023-03-21 02:54:40
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