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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Crossroads (+60) - CNYTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNYTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYTWD.
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 CNYTWD
The long-term trend has been DOWN since Aug 19th, 2024 at 4.4327028
The intermediate-term trend has been UP since Oct 2nd, 2024 at 4.5561512
The short-term trend has been UP since Oct 1st, 2024 at 4.5437782
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5479304 | 4.6132693 | 4.5403636 | 4.5987197 | +0.0507890 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5479304 | 2024-10-04 19:57:27 |