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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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

Strong Downtrend (-100) - CNHUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHUSD continues to fall. Traders should use caution 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.

FOREX_CNHUSD
Open High Low CNHUSD Price Change
0.13775395 0.13776856 0.13752680 0.13757486 -0.00017900
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.13824165

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 0.13849821

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 0.13782648

Smart Scan Analysis for CNHUSD

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

-100
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13775395 0.13776856 0.13752680 0.13757486 -0.00017900
Prev. Close Volume Bid Ask Time
0.13775395 2024-04-24 09:08:38
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