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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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

Crossroads (-60) - CNYXDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.10727683 0.10727683 0.10727683 0.10727683 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term up The long-term trend has been UP since Sep 18th, 2020 at 0.10326964

intermediate term down The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.10726194

short term down The short-term trend has been DOWN since Feb 18th, 2021 at 0.10738469

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10727683 0.10727683 0.10727683 0.10727683 0.00000000
Prev. Close Volume Bid Ask Time
0.10727683 2021-02-25 07:31:44
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