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.

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

MarketClub’s Trade Triangles for TWDCNY

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

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

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

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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