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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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.

FOREX_CNHTWD
Open High Low CNHTWD Price Change
4.34625 4.34625 4.34625 4.34625 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term down The long term trend has been DOWN since May 10th, 2019 at 4.5462

intermediate term up The intermediate term trend has been UP since Jan 8th, 2020 at 4.3175

short term up The short term trend has been UP since Jan 2nd, 2020 at 4.3120

Smart Scan Analysis for CNHTWD

Based on a pre-defined weighted trend formula for chart analysis, CNHTWD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.34625 4.34625 4.34625 4.34625 0.00000
Prev. Close Volume Bid Ask Time
4.34625 4.34200 4.35050 2020-01-14 13:01:26
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