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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

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

Sidelines Mode (+50) - CNYXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNYXDR can gain momentum.

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
0.11220135 0.11239259 0.11220135 0.11220135 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term down The long-term trend has been DOWN since May 11th, 2022 at 0.11198372

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2022 at 0.11188437

short term up The short-term trend has been UP since Jun 9th, 2022 at 0.11135325

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11220135 0.11239259 0.11220135 0.11220135 0.00000000
Prev. Close Volume Bid Ask Time
0.11220135 2022-06-18 05:16:23
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