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.
MarketClub’s Trade Triangles for USDCLY
The long-term trend has been DOWN since May 3rd, 2021 at 6.43525
The intermediate-term trend has been UP since Sep 24th, 2021 at 6.46625
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).