Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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

Weak Downtrend (-65) - CNYTWD is showing signs of a strengthening downtrend. Monitor CNYTWD as it may be building momentum to the downside.

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
4.2618110 4.2618110 4.2618110 4.2618110 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term down The long-term trend has been DOWN since Mar 22nd, 2020 at 4.2870621

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2020 at 4.2975344

short term up The short-term trend has been UP since Apr 2nd, 2020 at 4.2452289

Smart Scan Analysis for CNYTWD

Based on our trend formula, CNYTWD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2618110 4.2618110 4.2618110 4.2618110 0.0000000
Prev. Close Volume Bid Ask Time
4.2618110 4.1313750 4.3922469 2020-04-09 06:46:52
Get a free daily analysis and signals for Chinese Yuan Renminbi/New Taiwan Dollar (CNYTWD) - Request Your Free Report.