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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Long-Term Downtrend (-90) - TWDCNY is in a strong downtrend that is likely to continue. While TWDCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TWDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCNY.
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 TWDCNY
The long-term trend has been DOWN since Mar 18th, 2024 at 0.22363895
The intermediate-term trend has been DOWN since Jan 15th, 2024 at 0.22736380
The short-term trend has been DOWN since Apr 10th, 2024 at 0.22065334
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21790934 | 0.21815654 | 0.21761529 | 0.21777825 | -0.00013100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21790934 | 2024-04-25 22:22:14 |