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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Bear Market Rally (-75) - CNYUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYUSD as it may be in the beginning of a reversal.

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
0.13836617 0.13850224 0.13836426 0.13850032 +0.00013400
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 0.13889854

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 0.13887732

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.14084337

Smart Scan Analysis for CNYUSD

Based on our trend formula, CNYUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13836617 0.13850224 0.13836426 0.13850032 +0.00013400
Prev. Close Volume Bid Ask Time
0.13836617 2024-03-29 08:33:08
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