Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Weak Downtrend (-65) - CNYTWD is showing signs of a strengthening downtrend. Monitor CNYTWD as it may be building momentum to the downside.
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 Feb 16th, 2023 at 4.5349857
The intermediate-term trend has been DOWN since May 10th, 2023 at 4.4229560
The short-term trend has been DOWN since May 25th, 2023 at 4.3410842
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).