Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
Countertrend Down (-85) - TWDCAD 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 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 Oct 14th, 2021 at 0.04413467
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.04537067
The short-term trend has been UP since Oct 19th, 2021 at 0.04431491
Smart Scan Analysis for TWDCAD
Based on our trend formula, TWDCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).