Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDCNY
The long-term trend has been UP since Mar 18th, 2020 at 7.0728
The intermediate-term trend has been UP since Mar 18th, 2020 at 7.0425
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).
| 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 |