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.
MarketClub’s Trade Triangles for CADTWD
The long-term trend has been DOWN since Nov 29th, 2021 at 21.721327
The intermediate-term trend has been UP since Jan 4th, 2022 at 21.947000
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).