Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2024.
New Taiwan Dollar/Chinese Yuan Renminbi (FOREX:TWDCNY)
Bull Market Weakness (+75) - TWDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDCNY as it may be in the beginning stages of a reversal.
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 DOWN since Mar 18th, 2024 at 0.22363895
The intermediate-term trend has been UP since May 6th, 2024 at 0.21969227
The short-term trend has been UP since May 14th, 2024 at 0.21931765
Smart Scan Analysis for TWDCNY
Based on our trend formula, TWDCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22011390 | 0.22049668 | 0.21978055 | 0.22049438 | +0.00038000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22069262 | 2024-05-17 16:10:28 |