Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Chinese Yuan Renminbi/ (FOREX:CNYSRD)
Strong Downtrend (-100) - CNYSRD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Mar 22nd, 2020 at 1.049
The intermediate-term trend has been DOWN since Apr 28th, 2020 at 1.047
The short-term trend has been DOWN since Apr 17th, 2020 at 1.048
Smart Scan Analysis for CNYSRD
Based on our trend formula, CNYSRD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).