Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)
Weak Downtrend (-65) - XDRCNY is showing signs of a strengthening downtrend. Monitor XDRCNY as it may be building momentum to the downside.
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 UP since Apr 5th, 2023 at 9.239527
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 9.549598
The short-term trend has been DOWN since Sep 11th, 2023 at 9.549598
Smart Scan Analysis for XDRCNY
Based on our trend formula, XDRCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).