Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
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 DOWN since Mar 22nd, 2020 at 4.2870621
The intermediate-term trend has been DOWN since Mar 13th, 2020 at 4.2975344
The short-term trend has been UP since Apr 2nd, 2020 at 4.2452289
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).