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Forex Trend Analysis Report

Prepared for you on Tuesday, January 19, 2021.

Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)

Long-Term Uptrend (+90) - CNYTWD is in a strong uptrend that is likely to continue. While CNYTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.3368909 4.3368909 4.3368909 4.3368909 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Aug 12th, 2020 at 4.2313974

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2021 at 4.3262667

short term up The short-term trend has been UP since Jan 17th, 2021 at 4.3349140

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).

+90
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3368909 4.3368909 4.3368909 4.3368909 0.0000000
Prev. Close Volume Bid Ask Time
4.3368909 2021-01-19 01:20:54
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