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.
MarketClub’s Trade Triangles for USDCLY
The long-term trend has been UP since Mar 17th, 2020 at 7.06200
The intermediate-term trend has been UP since May 18th, 2020 at 7.10350
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).