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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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

Countertrend Up (+85) - CNYXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.11014989 0.11014989 0.11014989 0.11014989 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 up The intermediate-term trend has been UP since Aug 23rd, 2021 at 0.10880516

short term up The short-term trend has been UP since Sep 22nd, 2021 at 0.10906225

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11014989 0.11014989 0.11014989 0.11014989 0.00000000
Prev. Close Volume Bid Ask Time
0.11014989 2021-10-14 07:18:44
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