Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)
Bull Market Weakness (+75) - USDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCNY as it may be in the beginning stages 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDCNY
The long-term trend has been UP since Mar 15th, 2022 at 6.3836
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 6.7283
The short-term trend has been UP since Aug 14th, 2022 at 6.7600
Smart Scan Analysis for USDCNY
Based on our trend formula, USDCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.7601 | 6.7742 | 6.7591 | 6.7735 | +0.0134 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.7601 | 2022-08-15 18:06:43 |