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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.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.3240831 4.3270990 4.3121001 4.3213004 -0.0027830
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Feb 16th, 2023 at 4.5349857

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2023 at 4.4229560

short term down 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).

-70
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3240831 4.3270990 4.3121001 4.3213004 -0.0027830
Prev. Close Volume Bid Ask Time
4.3240831 2023-06-05 15:44:41
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