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.
MarketClub’s Trade Triangles for CADTWD
The long-term trend has been DOWN since Oct 7th, 2022 at 22.681839
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 22.359480
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).