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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.

FOREX_XDRCNY
Open High Low XDRCNY Price Change
9.318012 9.318012 9.318012 9.318012 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRCNY

long term down The long-term trend has been DOWN since Sep 18th, 2020 at 9.683388

intermediate term up The intermediate-term trend has been UP since Feb 14th, 2021 at 9.322971

short term up 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).

+50
Smart Scan Analysis for XDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.318012 9.318012 9.318012 9.318012 0.000000
Prev. Close Volume Bid Ask Time
9.318012 2021-03-05 07:55:17
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