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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Weak Downtrend (-65) - CNYUSD is showing signs of a strengthening downtrend. Monitor CNYUSD as it may be building momentum to the downside.

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
0.13797671 0.13803385 0.13784928 0.13792343 -0.00005300
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long-term trend has been DOWN since May 29th, 2024 at 0.13798242

intermediate term down The intermediate-term trend has been DOWN since Jul 24th, 2024 at 0.13743249

short term up The short-term trend has been UP since Jul 25th, 2024 at 0.13775054

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).

-65
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13797671 0.13803385 0.13784928 0.13792343 -0.00005300
Prev. Close Volume Bid Ask Time
0.13797671 2024-07-26 19:52:15
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