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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Chinese Yuan Renminbi/US Dollar (FOREX:CNYUSD)

Countertrend Up (+85) - CNYUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
0.15630618 0.15646270 0.15622109 0.15644839 +0.00014200
Entry Signal

MarketClub’s Trade Triangles for CNYUSD

long term up The long-term trend has been UP since May 9th, 2021 at 0.15557460

intermediate term up The intermediate-term trend has been UP since Oct 10th, 2021 at 0.15528433

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 0.15645535

Smart Scan Analysis for CNYUSD

Based on our trend formula, CNYUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15630618 0.15646270 0.15622109 0.15644839 +0.00014200
Prev. Close Volume Bid Ask Time
0.15630618 2021-10-28 11:49:27
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