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.
MarketClub’s Trade Triangles for CNHUSD
The long-term trend has been DOWN since May 16th, 2023 at 0.14290686
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 0.13818377
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).