Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Strong Downtrend (-100) - XDRCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Aug 23rd, 2021 at 9.190741
The short-term trend has been DOWN since Sep 22nd, 2021 at 9.169075
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).