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Forex Trend Analysis Report
Prepared for you on Saturday, September 7, 2024.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Bear Market Rally (-75) - CNYXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYXDR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CNYXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYXDR.
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 CNYXDR
The long-term trend has been DOWN since Jun 6th, 2024 at 0.10485044
The intermediate-term trend has been DOWN since Jul 21st, 2024 at 0.10381212
The short-term trend has been UP since Aug 21st, 2024 at 0.10485506
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10488561 | 0.10488561 | 0.10488561 | 0.10488561 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10488561 | 2024-09-07 04:49:23 |