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Forex Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

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

Weak Downtrend (-65) - CNHUSD is showing signs of a strengthening downtrend. Monitor CNHUSD as it may be building momentum to the downside.

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
0.13693340 0.13708339 0.13678861 0.13707089 +0.00013700
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term down The long-term trend has been DOWN since May 16th, 2023 at 0.14290686

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2023 at 0.13818377

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 0.13704046

Smart Scan Analysis for CNHUSD

Based on our trend formula, CNHUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13693340 0.13708339 0.13678861 0.13707089 +0.00013700
Prev. Close Volume Bid Ask Time
0.13693340 2023-09-22 11:49:49
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