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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Long-Term Downtrend (-90) - CNYUSD is in a strong downtrend that is likely to continue. While CNYUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CNYUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYUSD
Open High Low CNYUSD Price Change
0.13950699 0.13996585 0.13950504 0.13994627 +0.00043900
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 0.14137274

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.14199504

short term down The short-term trend has been DOWN since May 21st, 2020 at 0.14045931

Smart Scan Analysis for CNYUSD

Based on our trend formula, CNYUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13950699 0.13996585 0.13950504 0.13994627 +0.00043900
Prev. Close Volume Bid Ask Time
0.13950699 0.13992668 0.13996585 2020-05-28 10:56:58
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