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Forex Trend Analysis Report

Prepared for you on Sunday, April 18, 2021.

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

Weak Downtrend (-65) - TWDCNY is showing signs of a strengthening downtrend. Monitor TWDCNY as it may be building momentum to the downside.

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
0.23009141 0.23043881 0.23009141 0.23043881 +0.00034700
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term down The long-term trend has been DOWN since Aug 19th, 2020 at 0.23472674

intermediate term down The intermediate-term trend has been DOWN since Mar 16th, 2021 at 0.22950786

short term down The short-term trend has been DOWN since Apr 13th, 2021 at 0.22991607

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).

-70
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23009141 0.23043881 0.23009141 0.23043881 +0.00034700
Prev. Close Volume Bid Ask Time
0.23009141 2021-04-18 17:37:15
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