Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Weak Downtrend (-65) - USDCNH is showing signs of a strengthening downtrend. Monitor USDCNH as it may be building momentum to the downside.
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 DOWN since Nov 20th, 2023 at 7.156145
The intermediate-term trend has been DOWN since Mar 11th, 2024 at 7.181245
The short-term trend has been UP since Mar 14th, 2024 at 7.202460
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
7.20752 | 7.21317 | 7.20699 | 7.21060 | +0.00308 |
Prev. Close | Volume | Bid | Ask | Time |
7.20752 | 2024-03-19 07:53:57 |