Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Chinese Yuan Renminbi Offshore/New Taiwan Dollar (FOREX:CNHTWD)
Bull Market Weakness (+75) - CNHTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been UP since Mar 18th, 2021 at 4.37200
The intermediate-term trend has been UP since May 13th, 2021 at 4.33600
The short-term trend has been UP since May 6th, 2021 at 4.32495
Smart Scan Analysis for CNHTWD
Based on our trend formula, CNHTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).