Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Chinese Yuan Renminbi/Surinamese Dollar (FOREX:CNYSRD)
Countertrend Up (+85) - CNYSRD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 May 11th, 2021 at 2.2025
The intermediate-term trend has been UP since Apr 21st, 2021 at 2.1630
The short-term trend has been UP since Sep 6th, 2021 at 3.3175
Smart Scan Analysis for CNYSRD
Based on our trend formula, CNYSRD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).