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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)

Sidelines Mode (+55) - CNYXDR 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 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.

FOREX_CNYXDR
Open High Low CNYXDR Price Change
0.10842277 0.10842277 0.10842277 0.10842277 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term up The long-term trend has been UP since Jan 9th, 2023 at 0.10980167

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2023 at 0.10945484

short term up The short-term trend has been UP since Mar 31st, 2023 at 0.10833568

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10842277 0.10842277 0.10842277 0.10842277 0.00000000
Prev. Close Volume Bid Ask Time
0.10842277 2023-03-31 08:50:04
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