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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Countertrend Up (+85) - XDRCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jun 6th, 2024 at 9.537394
The intermediate-term trend has been UP since Jul 21st, 2024 at 9.632786
The short-term trend has been DOWN since Jul 26th, 2024 at 9.620597
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.616905 | 9.616905 | 9.616905 | 9.616905 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.616905 | 2024-07-26 14:00:16 |