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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

Bear Market Rally (-75) - USDCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCNY as it may be in the beginning of a reversal.

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.

FOREX_USDCNY
Open High Low USDCNY Price Change
6.4640 6.4696 6.4601 6.4658 +0.0018
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term down The long-term trend has been DOWN since Jul 6th, 2020 at 7.0296

intermediate term down The intermediate-term trend has been DOWN since Jun 7th, 2020 at 7.0820

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 6.4557

Smart Scan Analysis for USDCNY

Based on our trend formula, USDCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4640 6.4696 6.4601 6.4658 +0.0018
Prev. Close Volume Bid Ask Time
6.4640 2021-03-01 14:57:36
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