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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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.

FOREX_CNHUSD
Open High Low CNHUSD Price Change
0.14703504 0.14714505 0.14676389 0.14701245 -0.00002300
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term down The long-term trend has been DOWN since Mar 14th, 2022 at 0.15627930

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 0.14716097

short term down The short-term trend has been DOWN since Aug 14th, 2022 at 0.14782206

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).

-90
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14703504 0.14714505 0.14676389 0.14701245 -0.00002300
Prev. Close Volume Bid Ask Time
0.14703504 2022-08-18 07:10:33
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