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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

US Dollar/ (FOREX:USDCLY)

Crossroads (-60) - USDCLY 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 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
6.44375 6.44760 6.44375 6.44760 +0.00385
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term down The long-term trend has been DOWN since May 3rd, 2021 at 6.43525

intermediate term up The intermediate-term trend has been UP since Sep 24th, 2021 at 6.46625

short term up The short-term trend has been UP since Oct 12th, 2021 at 6.44675

Smart Scan Analysis for USDCLY

Based on our trend formula, USDCLY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.44375 6.44760 6.44375 6.44760 +0.00385
Prev. Close Volume Bid Ask Time
6.43510 2021-10-12 23:17:23
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