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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

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

Sidelines Mode (+55) - CNHTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
4.35690 4.36295 4.35690 4.36295 +0.00605
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term up The long-term trend has been UP since Oct 6th, 2021 at 4.3345

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2021 at 4.3590

short term up The short-term trend has been UP since Dec 7th, 2021 at 4.3629

Smart Scan Analysis for CNHTWD

Based on our trend formula, CNHTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.35690 4.36295 4.35690 4.36295 +0.00605
Prev. Close Volume Bid Ask Time
4.35690 2021-12-07 16:57:25
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