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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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

Strong Downtrend (-100) - CNHTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHTWD continues to fall. Traders should use caution and set stops.

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
4.4189 4.4189 4.4189 4.4189 0.0000
Entry Signal

MarketClub’s Trade Triangles for CNHTWD

long term down The long-term trend has been DOWN since May 27th, 2022 at 4.37500

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 4.43685

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 4.45010

Smart Scan Analysis for CNHTWD

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

-100
Smart Scan Analysis for CNHTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4189 4.4189 4.4189 4.4189 0.0000
Prev. Close Volume Bid Ask Time
4.4189 2022-08-18 16:55:35
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