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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Long-Term Downtrend (-90) - CNHTWD is in a strong downtrend that is likely to continue. While CNHTWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Apr 9th, 2025 at 4.4534995
The intermediate-term trend has been DOWN since Apr 7th, 2025 at 4.5242582
The short-term trend has been DOWN since Apr 28th, 2025 at 4.4494946
Smart Scan Analysis for CNHTWD
Based on our trend formula, CNHTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1646661 | 4.1769561 | 4.1477211 | 4.1692853 | +0.0046190 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1646661 | 2025-05-09 07:07:36 |