Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

US Dollar/ (FOREX:USDCLY)

Long-Term Uptrend (+90) - USDCLY is in a strong uptrend that is likely to continue. While USDCLY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDCLY?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCLY
Open High Low USDCLY Price Change
7.1460 7.1460 7.1370 7.1370 -0.0090
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term up The long-term trend has been UP since Mar 17th, 2020 at 7.06200

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 7.10350

short term up The short-term trend has been UP since May 22nd, 2020 at 7.10975

Smart Scan Analysis for USDCLY

Based on our trend formula, USDCLY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1460 7.1460 7.1370 7.1370 -0.0090
Prev. Close Volume Bid Ask Time
7.1460 7.1345 7.1395 2020-05-29 16:25:36
Get a free daily analysis and signals for US Dollar/ (USDCLY) - Request Your Free Report.