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.
MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been DOWN since Mar 18th, 2020 at 0.14137274
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.14199504
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).