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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

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.

FOREX_CNYUSD
Open High Low CNYUSD Price Change
0.14785463 0.14813718 0.14784807 0.14813498 +0.00028000
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term down The long-term trend has been DOWN since Apr 19th, 2022 at 0.15662236

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.14817230

short term down The short-term trend has been DOWN since Aug 7th, 2022 at 0.14787650

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).

-70
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14785463 0.14813718 0.14784807 0.14813498 +0.00028000
Prev. Close Volume Bid Ask Time
0.14785463 2022-08-08 12:53:43
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