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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

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

Long-Term Uptrend (+90) - USDCNH is in a strong uptrend that is likely to continue. While USDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
6.769250 6.770720 6.757635 6.760950 -0.008300
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term up The long-term trend has been UP since Mar 14th, 2022 at 6.397810

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 6.785330

short term up The short-term trend has been UP since Aug 7th, 2022 at 6.769185

Smart Scan Analysis for USDCNH

Based on our trend formula, USDCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.769250 6.770720 6.757635 6.760950 -0.008300
Prev. Close Volume Bid Ask Time
6.769250 2022-08-08 16:02:49
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