Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
US Dollar/ (FOREX:USDCLY)
Countertrend Up (+85) - USDCLY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Apr 25th, 2022 at 6.38350
The intermediate-term trend has been UP since Mar 14th, 2022 at 6.32925
The short-term trend has been UP since Jun 21st, 2022 at 6.68640
Smart Scan Analysis for USDCLY
Based on our trend formula, USDCLY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).