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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2025.

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

Sidelines Mode (+50) - CNYTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNYTWD can gain momentum.

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
4.5053856 4.5351025 4.4831942 4.4949259 -0.0104600
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term down The long-term trend has been DOWN since Aug 19th, 2024 at 4.4327028

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2025 at 4.5227437

short term up The short-term trend has been UP since Jan 21st, 2025 at 4.4966025

Smart Scan Analysis for CNYTWD

Based on our trend formula, CNYTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5053856 4.5351025 4.4831942 4.4949259 -0.0104600
Prev. Close Volume Bid Ask Time
4.5053856 2025-01-22 19:04:15
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