Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Bull Market Weakness (+75) - CNYXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYXDR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNYXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNYXDR
The long-term trend has been UP since Apr 10th, 2024 at 0.10723567
The intermediate-term trend has been UP since Apr 10th, 2024 at 0.10692226
The short-term trend has been DOWN since May 2nd, 2024 at 0.10709536
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10684967 | 0.10684967 | 0.10684967 | 0.10684967 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10684967 | 2024-05-08 21:02:50 |