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.
MarketClub’s Trade Triangles for CNHUSD
The long-term trend has been UP since May 25th, 2021 at 0.15622754
The intermediate-term trend has been UP since Oct 13th, 2021 at 0.15555499
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).