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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Countertrend Down (-85) - CNYXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 UP since May 1st, 2025 at 0.09865896
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0992544 | 0.0992544 | 0.0992544 | 0.0992544 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0992544 | 2025-05-04 11:00:59 |