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Forex Trend Analysis Report

Prepared for you on Friday, November 8, 2024.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

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

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

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

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

FOREX_CNYUSD
Open High Low CNYUSD Price Change
0.13983276 0.13991493 0.13927577 0.13929129 -0.00054100
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term up The long-term trend has been UP since Sep 6th, 2024 at 0.14116119

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.14109746

short term down The short-term trend has been DOWN since Nov 5th, 2024 at 0.14027016

Smart Scan Analysis for CNYUSD

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

-70
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13983276 0.13991493 0.13927577 0.13929129 -0.00054100
Prev. Close Volume Bid Ask Time
0.13983276 2024-11-08 20:19:58
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