Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Crossroads (+60) - TWDCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 31st, 2023 at 0.22403014
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.22316399
The short-term trend has been UP since Nov 28th, 2023 at 0.22586042
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).