Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Chinese Yuan Renminbi/Surinamese Dollar (FOREX:CNYSRD)
Long-Term Downtrend (-90) - CNYSRD is in a strong downtrend that is likely to continue. While CNYSRD 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 CNYSRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYSRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYSRD
The long-term trend has been DOWN since Jul 4th, 2023 at 5.2685
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 5.2730
The short-term trend has been DOWN since Aug 16th, 2023 at 5.3800
Smart Scan Analysis for CNYSRD
Based on our trend formula, CNYSRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).