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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 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.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.4337890 4.4540630 4.4333652 4.4536489 +0.0198600
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Apr 11th, 2024 at 4.4621525

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 4.4348742

short term down The short-term trend has been DOWN since May 23rd, 2024 at 4.4446285

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
4.4337890 4.4540630 4.4333652 4.4536489 +0.0198600
Prev. Close Volume Bid Ask Time
4.4337890 2024-05-28 23:25:38
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