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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)

Strong Downtrend (-100) - TWDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TWDCAD continues to fall. Traders should use caution and set stops.

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
0.04229942 0.04247627 0.04229889 0.04236743 +0.00006800
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term down The long-term trend has been DOWN since Apr 13th, 2023 at 0.04376254

intermediate term down The intermediate-term trend has been DOWN since Feb 13th, 2024 at 0.04271722

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.04279586

Smart Scan Analysis for TWDCAD

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

-100
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04229942 0.04247627 0.04229889 0.04236743 +0.00006800
Prev. Close Volume Bid Ask Time
0.04229942 2024-03-29 11:24:31
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