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.
MarketClub’s Trade Triangles for USDCLY
The long-term trend has been DOWN since Jul 7th, 2020 at 7.04280
The intermediate-term trend has been UP since Feb 18th, 2021 at 6.48125
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).