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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Bear Market Rally (-75) - XDRCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRCNY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XDRCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRCNY.
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 XDRCNY
The long-term trend has been DOWN since Apr 10th, 2024 at 9.325256
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 9.352589
The short-term trend has been UP since May 2nd, 2024 at 9.337472
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.358943 | 9.358943 | 9.358943 | 9.358943 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.358943 | 2024-05-08 21:02:50 |