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.
MarketClub’s Trade Triangles for CNHUSD
The long-term trend has been DOWN since May 16th, 2023 at 0.14290686
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 0.13818377
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).