Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Bull Market Weakness (+75) - USDCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCNH as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCNH.
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 USDCNH
The long-term trend has been UP since Mar 27th, 2024 at 7.23377
The intermediate-term trend has been UP since Mar 21st, 2024 at 7.22027
The short-term trend has been DOWN since Apr 17th, 2024 at 7.25491
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.249460 | 7.254035 | 7.245610 | 7.254035 | +0.004575 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.249460 | 2024-04-19 17:02:45 |