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.
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MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been DOWN since Dec 7th, 2023 at 4.3732
The intermediate-term trend has been UP since Jan 22nd, 2024 at 4.3375
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).
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 |