Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, September 26, 2023.

Chinese Yuan Renminbi Offshore/US Dollar (FOREX:CNHUSD)

Strong Downtrend (-100) - CNHUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHUSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CNHUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHUSD
Open High Low CNHUSD Price Change
0.13677374 0.13684889 0.13673849 0.13678338 +0.00001000
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term down The long-term trend has been DOWN since May 16th, 2023 at 0.14290686

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2023 at 0.13818377

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 0.13704046

Smart Scan Analysis for CNHUSD

Based on our trend formula, CNHUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13677374 0.13684889 0.13673849 0.13678338 +0.00001000
Prev. Close Volume Bid Ask Time
0.13677374 2023-09-26 01:39:57
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/US Dollar (CNHUSD) - Request Your Free Report.