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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.

FOREX_CNHTWD
Open High Low CNHTWD Price Change
4.276 4.276 4.276 4.276 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 4.29950

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 4.30300

short term up 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).

-85
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.276 4.276 4.276 4.276 0.000
Prev. Close Volume Bid Ask Time
4.276 4.266 4.286 2020-04-08 14:11:23
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