Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Weak Downtrend (-65) - TWDCNY is showing signs of a strengthening downtrend. Monitor TWDCNY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid TWDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDCNY
The long-term trend has been DOWN since Aug 19th, 2020 at 0.23472674
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 0.23263523
The short-term trend has been UP since Dec 1st, 2020 at 0.23178677
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).