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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)

Weak Downtrend (-65) - TWDCNY is showing signs of a strengthening downtrend. Monitor TWDCNY as it may be building momentum to the downside.

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.

FOREX_TWDCNY
Open High Low TWDCNY Price Change
0.23112572 0.23226243 0.23100928 0.23115519 +0.00002900
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term down The long-term trend has been DOWN since Aug 19th, 2020 at 0.23472674

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2020 at 0.23263523

short term up The short-term trend has been UP since Dec 1st, 2020 at 0.23178677

Smart Scan Analysis for TWDCNY

Based on our trend formula, TWDCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23112572 0.23226243 0.23100928 0.23115519 +0.00002900
Prev. Close Volume Bid Ask Time
0.23112572 2020-12-04 09:06:04
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