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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Crossroads (+60) - CNHTWD is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been UP since Apr 19th, 2024 at 4.3975000
The intermediate-term trend has been DOWN since Oct 17th, 2024 at 4.5024677
The short-term trend has been DOWN since Nov 18th, 2024 at 4.4839660
Smart Scan Analysis for CNHTWD
Based on our trend formula, CNHTWD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4815934 | 4.4885140 | 4.4806350 | 4.4876627 | +0.0060690 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4815934 | 2024-11-20 03:24:29 |