Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Strong Uptrend (+100) - CNYUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 May 9th, 2021 at 0.15557460
The intermediate-term trend has been UP since Oct 10th, 2021 at 0.15528433
The short-term trend has been UP since Oct 13th, 2021 at 0.15540740
Smart Scan Analysis for CNYUSD
Based on our trend formula, CNYUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).