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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Strong Downtrend (-100) - CNYUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYUSD continues to fall. 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.

FOREX_CNYUSD
Open High Low CNYUSD Price Change
0.14738177 0.14738828 0.14711724 0.14731229 -0.00006900
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long-term trend has been DOWN since Apr 19th, 2022 at 0.15662236

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 0.14744913

short term down The short-term trend has been DOWN since Aug 14th, 2022 at 0.14793119

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).

-100
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14738177 0.14738828 0.14711724 0.14731229 -0.00006900
Prev. Close Volume Bid Ask Time
0.14738177 2022-08-16 11:45:30
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