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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Chinese Yuan Renminbi/Surinamese Dollar (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, CNYSRD 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.

FOREX_CNYSRD
Open High Low CNYSRD Price Change
4.8055 4.8055 4.8055 4.8055 0.0000
Entry Signal

MarketClub’s Trade Triangles for CNYSRD

long term down The long-term trend has been DOWN since Jul 4th, 2023 at 5.2685

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2024 at 5.1145

short term down The short-term trend has been DOWN since Jan 19th, 2024 at 5.1145

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).

-100
Smart Scan Analysis for CNYSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8055 4.8055 4.8055 4.8055 0.0000
Prev. Close Volume Bid Ask Time
4.8055 4.7590 4.8520 2024-04-17 09:56:47
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