Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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MarketClub’s Trade Triangles for CNHTWD
The long term trend has been DOWN since May 10th, 2019 at 4.5462
The intermediate term trend has been DOWN since Jan 28th, 2020 at 4.3300
The short term trend has been DOWN since Feb 5th, 2020 at 4.3170
Smart Scan Analysis for CNHTWD
Based on a pre-defined weighted trend formula for chart analysis, CNHTWD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.303 | 4.303 | 4.303 | 4.303 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.303 | 4.293 | 4.313 | 2020-02-14 14:41:25 |