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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Crossroads (-60) - USDCNH 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 USDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDCNH
The long-term trend has been UP since Jun 19th, 2024 at 7.281480
The intermediate-term trend has been DOWN since Jul 19th, 2024 at 7.258190
The short-term trend has been DOWN since Jul 25th, 2024 at 7.260675
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.253950 | 7.265990 | 7.249705 | 7.265990 | +0.012040 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.253950 | 2024-07-26 17:00:03 |