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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Long-Term Uptrend (+90) - CNYUSD is in a strong uptrend that is likely to continue. While CNYUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.13819217 0.14121928 0.13817881 0.14100622 +0.00281400
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term up The long-term trend has been UP since May 6th, 2024 at 0.14122128

intermediate term up The intermediate-term trend has been UP since Apr 30th, 2024 at 0.14101019

short term up The short-term trend has been UP since May 21st, 2024 at 0.14104599

Smart Scan Analysis for CNYUSD

Based on our trend formula, CNYUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13819217 0.14121928 0.13817881 0.14100622 +0.00281400
Prev. Close Volume Bid Ask Time
0.13819217 2024-05-21 16:26:18
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