Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Strong Downtrend (-100) - CNYXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CNYXDR
The long-term trend has been DOWN since Apr 2nd, 2020 at 0.10347359
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.10350354
The short-term trend has been DOWN since May 18th, 2020 at 0.10360725
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).