Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, September 7, 2024.

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

Bear Market Rally (-75) - CNYXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYXDR as it may be in the beginning of a reversal.

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
0.10488561 0.10488561 0.10488561 0.10488561 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term down The long-term trend has been DOWN since Jun 6th, 2024 at 0.10485044

intermediate term down The intermediate-term trend has been DOWN since Jul 21st, 2024 at 0.10381212

short term up The short-term trend has been UP since Aug 21st, 2024 at 0.10485506

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10488561 0.10488561 0.10488561 0.10488561 0.00000000
Prev. Close Volume Bid Ask Time
0.10488561 2024-09-07 04:49:23
Get a free daily analysis and signals for Chinese Yuan Renminbi/Special drawing rights (CNYXDR) - Request Your Free Report.