Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Sidelines Mode (+55) - CNYUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 6th, 2020 at 0.14225561
The intermediate-term trend has been UP since Jan 3rd, 2021 at 0.15347817
The short-term trend has been DOWN since Feb 25th, 2021 at 0.15454518
Smart Scan Analysis for CNYUSD
Based on our trend formula, CNYUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).