Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Sidelines Mode (-55) - TWDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 19th, 2020 at 0.23472674
The intermediate-term trend has been UP since Feb 18th, 2021 at 0.23233923
The short-term trend has been DOWN since Feb 25th, 2021 at 0.23087322
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).