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.
MarketClub’s Trade Triangles for CNYTWD
The long-term trend has been UP since Oct 8th, 2021 at 4.3359147
The intermediate-term trend has been UP since Sep 22nd, 2021 at 4.3135484
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).