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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)

Strong Downtrend (-100) - USDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDCNH continues to fall. Traders should use caution and set stops.

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.

FOREX_USDCNH
Open High Low USDCNH Price Change
6.879850 6.883750 6.869810 6.872495 -0.007355
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term down The long-term trend has been DOWN since Jan 2nd, 2023 at 6.90534

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 6.85459

short term down The short-term trend has been DOWN since Mar 10th, 2023 at 6.92757

Smart Scan Analysis for USDCNH

Based on our trend formula, USDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for USDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.879850 6.883750 6.869810 6.872495 -0.007355
Prev. Close Volume Bid Ask Time
6.879850 2023-03-21 04:21:15
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