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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)

Bull Market Weakness (+75) - CNYTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYTWD as it may be in the beginning stages of a reversal.

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.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.3542317 4.3542317 4.3542317 4.3542317 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Oct 8th, 2021 at 4.3359147

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 4.3135484

short term down The short-term trend has been DOWN since Oct 17th, 2021 at 4.3563305

Smart Scan Analysis for CNYTWD

Based on our trend formula, CNYTWD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3542317 4.3542317 4.3542317 4.3542317 0.0000000
Prev. Close Volume Bid Ask Time
4.3542317 2021-10-21 02:04:05
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