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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)

Bull Market Weakness (+75) - CNHUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHUSD as it may be in the beginning stages of a reversal.

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

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

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

FOREX_CNHUSD
Open High Low CNHUSD Price Change
0.15212098 0.15226935 0.15197338 0.15212134 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term up The long-term trend has been UP since Jul 6th, 2020 at 0.14211086

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2020 at 0.14115821

short term down The short-term trend has been DOWN since Nov 24th, 2020 at 0.15178906

Smart Scan Analysis for CNHUSD

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

+75
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15212098 0.15226935 0.15197338 0.15212134 0.00000000
Prev. Close Volume Bid Ask Time
0.15212098 2020-11-27 17:18:55
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