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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

Chinese Renminbi Yuan/New Taiwan Dollar (FOREX:CNYTWD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.4907 4.4907 4.4889 4.4889 -0.0018
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term down The long term trend has been DOWN since Jun 21st, 2018 at 4.6565

intermediate term up The intermediate term trend has been UP since Nov 21st, 2018 at 4.4630

short term down The short term trend has been DOWN since Dec 13th, 2018 at 4.4897

Smart Scan Analysis for CNYTWD

Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4907 4.4907 4.4889 4.4889 -0.0018
Prev. Close Volume Bid Ask Time
4.4907 4.3612 4.6166 2018-12-13 17:13:30
Want to analyze Chinese Renminbi Yuan/New Taiwan Dollar CNYTWD or another symbol? Try our Free Forex Trend Analysis Report.