Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)
Long-Term Downtrend (-90) - CNHUSD is in a strong downtrend that is likely to continue. While CNHUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
|
|||||||||||||||
|
|||||||||||||||
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 DOWN since Dec 24th, 2024 at 0.13673250
Smart Scan Analysis for CNHUSD
Based on our trend formula, CNHUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13680555 | 0.13695628 | 0.13677365 | 0.13692122 | +0.00011600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13680555 | 2024-12-26 09:35:29 |