Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYTWD
The long term trend has been UP since Jan 19th, 2020 at 4.3595077
The intermediate term trend has been DOWN since Feb 5th, 2020 at 4.3113748
The short term trend has been DOWN since Feb 3rd, 2020 at 4.3343389
Smart Scan Analysis for CNYTWD
Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).