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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

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.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.4304082 4.4465688 4.4190763 4.4447948 +0.0143870
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Feb 16th, 2023 at 4.5349857

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 4.3847802

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 4.4229827

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).

+60
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4304082 4.4465688 4.4190763 4.4447948 +0.0143870
Prev. Close Volume Bid Ask Time
4.4304082 2023-03-20 22:24:54
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