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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Crossroads (-60) - XDRCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Oct 4th, 2024 at 9.460020
The intermediate-term trend has been UP since Oct 15th, 2024 at 9.510497
The short-term trend has been UP since Nov 7th, 2024 at 9.482953
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.556677 | 9.556677 | 9.556677 | 9.556677 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.556677 | 2024-11-18 13:11:45 |