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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Sidelines Mode (-55) - TWDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TWDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDCNY.
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 TWDCNY
The long-term trend has been DOWN since Feb 2nd, 2025 at 0.21780343
The intermediate-term trend has been DOWN since Jan 22nd, 2025 at 0.22113296
The short-term trend has been UP since Feb 3rd, 2025 at 0.21917470
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22139514 | 0.22168641 | 0.22126675 | 0.22152585 | +0.00013100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22139514 | 2025-02-05 04:34:00 |