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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Countertrend Up (+85) - XDRCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XDRCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XDRCNY
The long-term trend has been UP since Dec 15th, 2024 at 9.572149
The intermediate-term trend has been UP since Dec 4th, 2024 at 9.569593
The short-term trend has been UP since Dec 4th, 2024 at 9.524895
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.602515 | 9.602515 | 9.602515 | 9.602515 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.602515 | 2024-12-21 08:23:56 |