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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Sidelines Mode (-55) - USDCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Nov 13th, 2024 at 7.258235
The intermediate-term trend has been DOWN since Jan 20th, 2025 at 7.298080
The short-term trend has been UP since Jan 17th, 2025 at 7.352575
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.324880 | 7.328910 | 7.263280 | 7.266495 | -0.058385 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.324880 | 2025-01-20 09:51:36 |