Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
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.
MarketClub’s Trade Triangles for CNYTWD
The long-term trend has been UP since Aug 12th, 2020 at 4.2313974
The intermediate-term trend has been UP since Oct 21st, 2020 at 4.3014394
The short-term trend has been UP since Nov 5th, 2020 at 4.2884662
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).