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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Sidelines Mode (-55) - CNHTWD 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 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.
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MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been DOWN since Dec 3rd, 2024 at 4.4543407
The intermediate-term trend has been UP since Dec 25th, 2024 at 4.4881269
The short-term trend has been DOWN since Jan 29th, 2025 at 4.5054975
Smart Scan Analysis for CNHTWD
Based on our trend formula, CNHTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5094972 | 4.5173760 | 4.5033809 | 4.5103767 | +0.0008790 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5094972 | 2025-02-04 23:08:37 |