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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Sidelines Mode (+55) - CNYTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Feb 2nd, 2025 at 4.5918041
The intermediate-term trend has been UP since Jan 22nd, 2025 at 4.5227437
The short-term trend has been DOWN since Feb 3rd, 2025 at 4.5584020
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5848744 | 4.5990851 | 4.5073787 | 4.5157548 | -0.0691200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5848744 | 2025-02-04 23:43:10 |