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.
MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been UP since Aug 11th, 2020 at 4.23025
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 4.33075
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).