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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

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

Countertrend Up (+85) - CNYXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.10709194 0.10709194 0.10709194 0.10709194 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term up The long-term trend has been UP since Apr 10th, 2024 at 0.10723567

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2024 at 0.10692226

short term up The short-term trend has been UP since Apr 7th, 2024 at 0.10640809

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10709194 0.10709194 0.10709194 0.10709194 0.00000000
Prev. Close Volume Bid Ask Time
0.10696567 2024-04-18 07:26:29
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