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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for CNYXDR
The long-term trend has been UP since Oct 4th, 2024 at 0.10570803
The intermediate-term trend has been DOWN since Oct 15th, 2024 at 0.10514698
The short-term trend has been DOWN since Nov 7th, 2024 at 0.10545238
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10463888 | 0.10463888 | 0.10463888 | 0.10463888 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10463888 | 2024-11-18 13:11:45 |