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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.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.3142602 4.3142602 4.3065738 4.3137570 -0.0005030
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Aug 12th, 2020 at 4.2313974

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2021 at 4.3537367

short term down 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).

+55
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3142602 4.3142602 4.3065738 4.3137570 -0.0005030
Prev. Close Volume Bid Ask Time
4.3142602 2021-02-25 11:22:40
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