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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/ (FOREX:USDCLY)

Bear Market Rally (-75) - USDCLY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCLY as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid USDCLY?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCLY
Open High Low USDCLY Price Change
7.1986 7.1991 7.1986 7.1991 +0.0005
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term down The long-term trend has been DOWN since Nov 20th, 2023 at 7.1805

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 7.1880

short term up The short-term trend has been UP since Mar 18th, 2024 at 7.1860

Smart Scan Analysis for USDCLY

Based on our trend formula, USDCLY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1986 7.1991 7.1986 7.1991 +0.0005
Prev. Close Volume Bid Ask Time
7.1995 2024-03-19 13:26:47
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