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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)
Crossroads (+60) - CNHUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jun 19th, 2024 at 0.13733472
The intermediate-term trend has been UP since Jul 19th, 2024 at 0.13777578
The short-term trend has been UP since Jul 25th, 2024 at 0.13772938
Smart Scan Analysis for CNHUSD
Based on our trend formula, CNHUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13785593 | 0.13793703 | 0.13762778 | 0.13762839 | -0.00022800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13785593 | 2024-07-26 17:00:03 |