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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.
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MarketClub’s Trade Triangles for CNYTWD
The long-term trend has been DOWN since Aug 19th, 2024 at 4.4327028
The intermediate-term trend has been UP since Jan 22nd, 2025 at 4.5227437
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).
| 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 |