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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.

FOREX_CNHTWD
Open High Low CNHTWD Price Change
4.348 4.348 4.348 4.348 0.000
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 up The intermediate-term trend has been UP since Oct 16th, 2020 at 4.29450

short term down 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).

+85
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.348 4.348 4.348 4.348 0.000
Prev. Close Volume Bid Ask Time
4.348 2020-11-25 14:45:51
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