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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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

Strong Uptrend (+100) - CNHUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.15671844 0.15685413 0.15666406 0.15679388 +0.00007500
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term up The long-term trend has been UP since May 25th, 2021 at 0.15622754

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2021 at 0.15555499

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.15537118

Smart Scan Analysis for CNHUSD

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

+100
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15671844 0.15685413 0.15666406 0.15679388 +0.00007500
Prev. Close Volume Bid Ask Time
0.15671844 2021-10-26 08:19:32
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