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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)

Weak Downtrend (-65) - CNHTWD is showing signs of a strengthening downtrend. Monitor CNHTWD as it may be building momentum to the downside.

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.

FOREX_CNHTWD
Open High Low CNHTWD Price Change
4.3187 4.3187 4.3181 4.3181 -0.0006
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term up The long-term trend has been UP since Aug 11th, 2020 at 4.23025

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 4.33075

short term down The short-term trend has been DOWN since Feb 19th, 2021 at 4.36550

Smart Scan Analysis for CNHTWD

Based on our trend formula, CNHTWD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3187 4.3187 4.3181 4.3181 -0.0006
Prev. Close Volume Bid Ask Time
4.3187 2021-02-24 20:57:29
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