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Forex Trend Analysis Report

Prepared for you on Saturday, May 28, 2022.

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

Weak Downtrend (-65) - CNHUSD is showing signs of a strengthening downtrend. Monitor CNHUSD as it may be building momentum to the downside.

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
0.14797212 0.14905640 0.14779759 0.14881705 +0.00084500
Entry Signal

MarketClub’s Trade Triangles for CNHUSD

long term down The long-term trend has been DOWN since Mar 14th, 2022 at 0.15627930

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2022 at 0.15712116

short term down The short-term trend has been DOWN since May 25th, 2022 at 0.14915925

Smart Scan Analysis for CNHUSD

Based on our trend formula, CNHUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNHUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14797212 0.14905640 0.14779759 0.14881705 +0.00084500
Prev. Close Volume Bid Ask Time
0.14797212 2022-05-27 17:03:20
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