Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Countertrend Down (-85) - CNHTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been DOWN since Mar 2nd, 2020 at 4.29950
The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 4.30300
The short-term trend has been UP since Mar 30th, 2020 at 4.26125
Smart Scan Analysis for CNHTWD
Based on our trend formula, CNHTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).