Today's TWD to CAD Price Update

Summary

This report provides the real-time exchange rate between the New Taiwan Dollar (TWD) and the Canadian Dollar (CAD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The New Taiwan Dollar (TWD) is the official currency of Taiwan, while the Canadian Dollar (CAD) is the fiat currency of Canada. The exchange rate between them reflects market perceptions of both economies’ relative strength and investor confidence in their respective monetary systems.

Today’s Price

• 1 TWD = 0.0435 CAD
• 24h High: 0.04356 CAD
• 24h Low: 0.043524 CAD

Market Analysis

The TWD/CAD exchange rate continues to reflect the relative performance of both economies. Technical analysis tools including Moving Averages, Stochastics, MACD, and RSI are commonly employed to assess price movements and identify trading signals in this currency pair.

• Technical indicators: Market sentiment is estimated as bullish, with the 14-day RSI reading at 67.65, suggesting neutral conditions
• Short-term forecast: The TWD is forecasted to decrease by approximately -3.51% in the next month, potentially declining to 0.04225 CAD
• Trading strategies: Traders should focus on buy, sell, and hold recommendations based on technical analysis and common chart patterns

Conclusion

Continue to monitor the TWD/CAD pair closely, integrating technical indicators with market sentiment to develop appropriate trading strategies and capitalize on emerging opportunities.