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Forex Trend Analysis Report
Prepared for you on Thursday, April 24, 2025.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Long-Term Downtrend (-90) - CNYXDR is in a strong downtrend that is likely to continue. While CNYXDR is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for CNYXDR
The long-term trend has been DOWN since Mar 12th, 2025 at 0.10411528
The intermediate-term trend has been DOWN since Feb 6th, 2025 at 0.10516737
The short-term trend has been DOWN since Apr 6th, 2025 at 0.10316417
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09867127 | 0.09867127 | 0.09867127 | 0.09867127 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09867127 | 2025-04-23 21:00:19 |