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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)
Sidelines Mode (+50) - CNYUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNYUSD can gain momentum.
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.
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MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been DOWN since Nov 22nd, 2024 at 0.13795958
The intermediate-term trend has been UP since Jan 21st, 2025 at 0.13708395
The short-term trend has been UP since Feb 4th, 2025 at 0.13921179
Smart Scan Analysis for CNYUSD
Based on our trend formula, CNYUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13728909 | 0.13730040 | 0.13728344 | 0.13730040 | +0.00001100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13728909 | 2025-02-05 01:02:58 |