Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Sidelines Mode (+50) - XDRCNY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRCNY can gain momentum.
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.
MarketClub’s Trade Triangles for XDRCNY
The long-term trend has been DOWN since Sep 18th, 2020 at 9.683388
The intermediate-term trend has been UP since Feb 14th, 2021 at 9.322971
The short-term trend has been UP since Feb 18th, 2021 at 9.312314
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).