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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 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.
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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 DOWN since Oct 14th, 2024 at 0.14109746
The short-term trend has been UP since Nov 21st, 2024 at 0.13821509
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13800527 | 0.13801861 | 0.13793865 | 0.13798242 | -0.00002300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13800527 | 2024-11-22 08:16:32 |