Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)
Bull Market Weakness (+75) - CNHUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHUSD as it may be in the beginning stages of a reversal.
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 Jul 6th, 2020 at 0.14211086
The intermediate-term trend has been UP since Feb 8th, 2021 at 0.15528433
The short-term trend has been UP since Feb 24th, 2021 at 0.15514173
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).