Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Surinamese Dollar (FOREX:CNYSRD)
Bull Market Weakness (+75) - CNYSRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYSRD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CNYSRD
The long-term trend has been UP since Sep 30th, 2024 at 4.3765
The intermediate-term trend has been UP since Sep 3rd, 2024 at 4.0425
The short-term trend has been UP since Sep 3rd, 2024 at 4.0425
Smart Scan Analysis for CNYSRD
Based on our trend formula, CNYSRD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.8955 | 4.8955 | 4.8955 | 4.8955 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.8985 | 4.8480 | 4.9430 | 2024-11-11 09:38:56 |