Free Daily Analysis

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.

FOREX_CNYUSD
Open High Low CNYUSD Price Change
0.14051484 0.14096249 0.13954203 0.14012302 -0.00039200
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term up The long-term trend has been UP since Nov 20th, 2023 at 0.14064725

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 0.13958320

short term down 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).

+65
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14051484 0.14096249 0.13954203 0.14012302 -0.00039200
Prev. Close Volume Bid Ask Time
0.14012302 2023-12-08 20:32:20
Get a free daily analysis and signals for Chinese Yuan Renminbi/US Dollar (CNYUSD) - Request Your Free Report.