Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Strong Uptrend (+100) - TWDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, TWDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Mar 3rd, 2020 at 0.23370359
The intermediate-term trend has been UP since Mar 19th, 2020 at 0.23490391
The short-term trend has been UP since Apr 6th, 2020 at 0.23516803
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).