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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for TWDCNY
The long-term trend has been DOWN since Oct 4th, 2024 at 0.21707936
The intermediate-term trend has been UP since Oct 20th, 2024 at 0.22240091
The short-term trend has been UP since Nov 15th, 2024 at 0.22319346
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22310365 | 0.22315491 | 0.22273516 | 0.22275160 | -0.00035200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22310365 | 2024-11-20 03:31:39 |