Free Daily Analysis

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.

FOREX_XDRCNY
Open High Low XDRCNY Price Change
9.042918 9.042918 9.042918 9.042918 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 down The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 9.190741

short term down 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).

-100
Smart Scan Analysis for XDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.042918 9.042918 9.042918 9.042918 0.000000
Prev. Close Volume Bid Ask Time
9.042918 2021-10-23 17:27:53
Get a free daily analysis and signals for Special drawing rights/Chinese Yuan Renminbi (XDRCNY) - Request Your Free Report.