Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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 Oct 8th, 2021 at 4.3359147
The intermediate-term trend has been UP since Sep 22nd, 2021 at 4.3135484
The short-term trend has been UP since Oct 25th, 2021 at 4.3574069
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).