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.
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MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been UP since Sep 6th, 2024 at 0.14116119
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.14109746
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).
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 |