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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

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

Weak Uptrend (+65) - CNYTWD is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_CNYTWD
Open High Low CNYTWD Price Change
4.3707525 4.3707525 4.3707525 4.3707525 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long-term trend has been UP since Oct 8th, 2021 at 4.3359147

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2022 at 4.3217970

short term up The short-term trend has been UP since Jan 18th, 2022 at 4.3512730

Smart Scan Analysis for CNYTWD

Based on our trend formula, CNYTWD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3707525 4.3707525 4.3707525 4.3707525 0.0000000
Prev. Close Volume Bid Ask Time
4.3707525 2022-01-23 01:55:44
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