Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

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

Crossroads (+60) - TWDCNY is struggling to move into a solid trend. Beware of choppy markets 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.

Open	High	Low	TWDCNY Price	Change
0.22585624	0.22585624	0.22581288	0.22585346	-0.00000300
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

The long-term trend has been UP since Mar 10th, 2023 at 0.23239462

The intermediate-term trend has been DOWN since Mar 10th, 2023 at 0.22448593

The short-term trend has been DOWN since Mar 23rd, 2023 at 0.22498508

Smart Scan Analysis for TWDCNY

Based on our trend formula, TWDCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.22585624	0.22585624	0.22581288	0.22585346	-0.00000300
Prev. Close	Volume	Bid	Ask	Time
0.22585624				2023-03-24 03:02:47

Get a free daily analysis and signals for New Taiwan Dollar/Chinese Yuan Renminbi (TWDCNY) - Request Your Free Report.