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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
Countertrend Up (+85) - TWDCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for TWDCAD
The long-term trend has been UP since Aug 2nd, 2024 at 0.04265256
The intermediate-term trend has been UP since Dec 9th, 2024 at 0.04369833
The short-term trend has been DOWN since Dec 23rd, 2024 at 0.04389934
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04385851 | 0.04401486 | 0.04384725 | 0.04398589 | +0.00012700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04385851 | 2024-12-26 11:23:15 |