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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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.
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MarketClub’s Trade Triangles for TWDCNY
The long-term trend has been UP since Dec 3rd, 2024 at 0.22409768
The intermediate-term trend has been UP since Oct 20th, 2024 at 0.22240091
The short-term trend has been DOWN since Dec 18th, 2024 at 0.22371375
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22287328 | 0.22300778 | 0.22257633 | 0.22257701 | -0.00029600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22287328 | 2024-12-26 17:10:06 |