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.
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).