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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.

FOREX_TWDCAD
Open High Low TWDCAD Price Change
0.04331573 0.04331883 0.04313862 0.04313921 -0.00017700
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term down The long-term trend has been DOWN since Feb 17th, 2021 at 0.04496386

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 0.04432809

short term up 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).

-60
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04331573 0.04331883 0.04313862 0.04313921 -0.00017700
Prev. Close Volume Bid Ask Time
0.04331573 2021-05-12 08:29:32
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