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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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

Sidelines Mode (+50) - CNHTWD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNHTWD can gain momentum.

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
4.396 4.396 4.396 4.396 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 4.3732

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2024 at 4.3375

short term up The short-term trend has been UP since Feb 21st, 2024 at 4.3550

Smart Scan Analysis for CNHTWD

Based on our trend formula, CNHTWD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.396 4.396 4.396 4.396 0.000
Prev. Close Volume Bid Ask Time
4.396 2024-03-18 18:00:49
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