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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.

FOREX_USDCNY
Open High Low USDCNY Price Change
6.7601 6.7742 6.7591 6.7735 +0.0134
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long-term trend has been UP since Mar 15th, 2022 at 6.3836

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 6.7283

short term up 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).

+75
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways 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
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