Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Strong Downtrend (-100) - TWDCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Oct 8th, 2021 at 0.22966812
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.23180654
The short-term trend has been DOWN since Oct 19th, 2021 at 0.22894889
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).