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.
MarketClub’s Trade Triangles for CNHTWD
The long-term trend has been DOWN since May 27th, 2022 at 4.37500
The intermediate-term trend has been DOWN since Aug 15th, 2022 at 4.43685
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).