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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.

FOREX_TWDCNY
Open High Low TWDCNY Price Change
0.22556925 0.22721559 0.22498181 0.22721559 +0.00164600
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term down The long-term trend has been DOWN since Aug 31st, 2023 at 0.22403014

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 0.22316399

short term up 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).

+60
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22556925 0.22721559 0.22498181 0.22721559 +0.00164600
Prev. Close Volume Bid Ask Time
0.22572939 2023-12-01 17:11:13
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