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Forex Trend Analysis Report

Prepared for you on Sunday, April 5, 2020.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

Strong Uptrend (+100) - USDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
7.0889 7.0988 7.0838 7.0923 +0.0034
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long-term trend has been UP since Mar 18th, 2020 at 7.0728

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2020 at 7.0425

short term up The short-term trend has been UP since Apr 1st, 2020 at 7.1038

Smart Scan Analysis for USDCNY

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

+100
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.0889 7.0988 7.0838 7.0923 +0.0034
Prev. Close Volume Bid Ask Time
7.0889 7.0913 7.0933 2020-04-03 19:59:28
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