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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Sidelines Mode (+55) - CNYXDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Apr 10th, 2024 at 0.10723567
The intermediate-term trend has been UP since Apr 10th, 2024 at 0.10692226
The short-term trend has been DOWN since Apr 23rd, 2024 at 0.10683653
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10659338 | 0.10659338 | 0.10659338 | 0.10659338 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10659338 | 2024-04-23 21:01:41 |