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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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 Jun 6th, 2024 at 0.10485044
The intermediate-term trend has been DOWN since Jul 21st, 2024 at 0.10381212
The short-term trend has been UP since Jul 26th, 2024 at 0.10394365
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 |
|---|---|---|---|---|
| 0.10398356 | 0.10398356 | 0.10398356 | 0.10398356 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10398356 | 2024-07-26 14:00:16 |