Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Weak Uptrend (+65) - CNYUSD is showing signs of weakening momentum to the upside. Monitor CNYUSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been UP since Nov 20th, 2023 at 0.14064725
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.13958320
The short-term trend has been DOWN since Dec 4th, 2023 at 0.14018561
Smart Scan Analysis for CNYUSD
Based on our trend formula, CNYUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).