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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)

Long-Term Uptrend (+90) - CNYTWD is in a strong uptrend that is likely to continue. While CNYTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.4673482 4.4691580 4.4664795 4.4673344 -0.0000140
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Apr 11th, 2024 at 4.4621525

intermediate term up The intermediate-term trend has been UP since Jan 15th, 2024 at 4.4151352

short term up The short-term trend has been UP since Apr 11th, 2024 at 4.4618617

Smart Scan Analysis for CNYTWD

Based on our trend formula, CNYTWD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4673482 4.4691580 4.4664795 4.4673344 -0.0000140
Prev. Close Volume Bid Ask Time
4.4673482 2024-04-15 01:19:00
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