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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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

Strong Downtrend (-100) - CNYXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_CNYXDR
Open High Low CNYXDR Price Change
0.10305661 0.10305661 0.10305661 0.10305661 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term down The long-term trend has been DOWN since Apr 2nd, 2020 at 0.10347359

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 0.10350354

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.10360725

Smart Scan Analysis for CNYXDR

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

-100
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10305661 0.10305661 0.10305661 0.10305661 0.00000000
Prev. Close Volume Bid Ask Time
0.10197526 0.10305661 0.10305661 2020-05-26 07:14:38
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