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Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Sidelines Mode (+55) - CNHTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNHTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHTWD.
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 CNHTWD
The long-term trend has been UP since Oct 6th, 2021 at 4.3345
The intermediate-term trend has been DOWN since Nov 15th, 2021 at 4.3590
The short-term trend has been UP since Dec 7th, 2021 at 4.3629
Smart Scan Analysis for CNHTWD
Based on our trend formula, CNHTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.35690 | 4.36295 | 4.35690 | 4.36295 | +0.00605 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.35690 | 2021-12-07 16:57:25 |