Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

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.

FOREX_TWDCNY
Open High Low TWDCNY Price Change
0.22434503 0.22445881 0.22407619 0.22418990 -0.00015500
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 0.22363895

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 0.22200044

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.22453337

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
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22434503 0.22445881 0.22407619 0.22418990 -0.00015500
Prev. Close Volume Bid Ask Time
0.22434503 2024-06-24 17:00:18
Get a free daily analysis and signals for New Taiwan Dollar/Chinese Yuan Renminbi (TWDCNY) - Request Your Free Report.