Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Sidelines Mode (+55) - CNYTWD 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 CNYTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYTWD
The long-term trend has been UP since Aug 12th, 2020 at 4.2313974
The intermediate-term trend has been UP since Feb 16th, 2021 at 4.3537367
The short-term trend has been DOWN since Feb 18th, 2021 at 4.3354216
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).