Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)
Long-Term Uptrend (+90) - USDCNY is in a strong uptrend that is likely to continue. While USDCNY 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 USDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCNY.
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 USDCNY
The long-term trend has been UP since Mar 27th, 2024 at 7.2073
The intermediate-term trend has been UP since Mar 21st, 2024 at 7.2006
The short-term trend has been UP since Mar 21st, 2024 at 7.2003
Smart Scan Analysis for USDCNY
Based on our trend formula, USDCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
7.2257 | 7.2303 | 7.0959 | 7.2271 | +0.0014 |
Prev. Close | Volume | Bid | Ask | Time |
7.2257 | 2024-03-28 12:05:40 |