Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Countertrend Up (+85) - CNHTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 16th, 2020 at 4.29450
The short-term trend has been DOWN since Nov 24th, 2020 at 4.34725
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).