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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2025.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

Weak Downtrend (-65) - USDCNY is showing signs of a strengthening downtrend. Monitor USDCNY as it may be building momentum to the downside.

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
7.19360 7.31430 7.14790 7.15005 -0.04355
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long-term trend has been UP since Nov 22nd, 2024 at 7.2484

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2025 at 7.1815

short term down The short-term trend has been DOWN since Jan 19th, 2025 at 7.1903

Smart Scan Analysis for USDCNY

Based on our trend formula, USDCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.19360 7.31430 7.14790 7.15005 -0.04355
Prev. Close Volume Bid Ask Time
7.19360 2025-01-20 09:41:50
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