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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Long-Term Uptrend (+90) - CNYUSD is in a strong uptrend that is likely to continue. While CNYUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CNYUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been UP since May 6th, 2024 at 0.14122128
The intermediate-term trend has been UP since Apr 30th, 2024 at 0.14101019
The short-term trend has been UP since Apr 28th, 2024 at 0.13814063
Smart Scan Analysis for CNYUSD
Based on our trend formula, CNYUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13840448 | 0.13842747 | 0.13837383 | 0.13838149 | -0.00002300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13840448 | 2024-05-09 07:53:41 |