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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
Long-Term Downtrend (-90) - CNYTWD is in a strong downtrend that is likely to continue. While CNYTWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since May 2nd, 2025 at 4.2138010
The intermediate-term trend has been DOWN since Apr 30th, 2025 at 4.4036503
The short-term trend has been DOWN since Apr 28th, 2025 at 4.4426376
Smart Scan Analysis for CNYTWD
Based on our trend formula, CNYTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1784135 | 4.1881708 | 4.1587328 | 4.1721162 | -0.0062970 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1784135 | 2025-05-09 04:01:40 |