Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
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.
MarketClub’s Trade Triangles for CNYSRD
The long-term trend has been UP since Jun 28th, 2022 at 3.2875
The intermediate-term trend has been UP since Jul 4th, 2022 at 3.3030
The short-term trend has been UP since Jun 28th, 2022 at 3.2630
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).