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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.
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MarketClub’s Trade Triangles for CNHUSD
The long-term trend has been DOWN since Mar 14th, 2022 at 0.15627930
The intermediate-term trend has been DOWN since Aug 15th, 2022 at 0.14716097
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).
| 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 |