Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Long-Term Uptrend (+90) - TWDCNY is in a strong uptrend that is likely to continue. While TWDCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 May 2nd, 2025 at 0.23727776
The intermediate-term trend has been UP since Apr 29th, 2025 at 0.22696807
The short-term trend has been UP since Apr 28th, 2025 at 0.22509151
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23925792 | 0.24034588 | 0.23878350 | 0.23902048 | -0.00023700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23925792 | 2025-05-09 05:18:39 |