Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/ (FOREX:USDCLY)

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

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
6.45650 6.45670 6.45275 6.45275 -0.00375
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term down The long-term trend has been DOWN since Jul 7th, 2020 at 7.04280

intermediate term up The intermediate-term trend has been UP since Feb 18th, 2021 at 6.48125

short term down The short-term trend has been DOWN since Feb 19th, 2021 at 6.45800

Smart Scan Analysis for USDCLY

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

-75
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.45650 6.45670 6.45275 6.45275 -0.00375
Prev. Close Volume Bid Ask Time
6.45650 2021-02-24 20:50:38
Get a free daily analysis and signals for US Dollar/ (USDCLY) - Request Your Free Report.