Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
Crossroads (-60) - TWDCAD 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 TWDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDCAD
The long-term trend has been DOWN since Feb 17th, 2021 at 0.04496386
The intermediate-term trend has been UP since Apr 6th, 2021 at 0.04432809
The short-term trend has been UP since Apr 19th, 2021 at 0.04428579
Smart Scan Analysis for TWDCAD
Based on our trend formula, TWDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).