Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Bull Market Weakness (+75) - CNYTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYTWD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNYTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYTWD.
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 CNYTWD
The long-term trend has been UP since Apr 11th, 2024 at 4.4621525
The intermediate-term trend has been UP since Jan 15th, 2024 at 4.4151352
The short-term trend has been UP since May 7th, 2024 at 4.4903778
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4871351 | 4.4915469 | 4.4832526 | 4.4867873 | -0.0003480 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4871351 | 2024-05-09 09:54:23 |