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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2024.

Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)

Weak Uptrend (+65) - CNHTWD is showing signs of weakening momentum to the upside. Monitor CNHTWD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNHTWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHTWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHTWD
Open High Low CNHTWD Price Change
4.4861382 4.4931973 4.4823012 4.4856566 -0.0004820
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term up The long-term trend has been UP since Apr 19th, 2024 at 4.3975000

intermediate term down The intermediate-term trend has been DOWN since Oct 17th, 2024 at 4.5024677

short term up The short-term trend has been UP since Nov 20th, 2024 at 4.4971181

Smart Scan Analysis for CNHTWD

Based on our trend formula, CNHTWD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4861382 4.4931973 4.4823012 4.4856566 -0.0004820
Prev. Close Volume Bid Ask Time
4.4861382 2024-11-22 14:46:12
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