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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

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

Strong Uptrend (+100) - TWDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, TWDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.23516803 0.23526601 0.23404060 0.23458284 -0.00058500
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term up The long-term trend has been UP since Mar 3rd, 2020 at 0.23370359

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2020 at 0.23490391

short term up The short-term trend has been UP since Apr 6th, 2020 at 0.23516803

Smart Scan Analysis for TWDCNY

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

+100
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23516803 0.23526601 0.23404060 0.23458284 -0.00058500
Prev. Close Volume Bid Ask Time
0.23516803 0.23427649 0.23488919 2020-04-06 18:03:38
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