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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Bull Market Weakness (+75) - CNYUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been DOWN since Mar 4th, 2024 at 0.13889854
The intermediate-term trend has been UP since Apr 30th, 2024 at 0.14101019
The short-term trend has been UP since Apr 28th, 2024 at 0.13814063
Smart Scan Analysis for CNYUSD
Based on our trend formula, CNYUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13814826 | 0.13819217 | 0.13809771 | 0.13817117 | +0.00002300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13814826 | 2024-05-03 17:01:33 |