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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)
Countertrend Down (-85) - CNHUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for CNHUSD
The long-term trend has been DOWN since Nov 13th, 2024 at 0.13777274
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.14051291
The short-term trend has been UP since Nov 18th, 2024 at 0.13832598
Smart Scan Analysis for CNHUSD
Based on our trend formula, CNHUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13806215 | 0.13812708 | 0.13802337 | 0.13804919 | -0.00001300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13806215 | 2024-11-20 03:30:18 |