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.
MarketClub’s Trade Triangles for CNYUSD
The long-term trend has been UP since May 9th, 2021 at 0.15557460
The intermediate-term trend has been UP since Oct 10th, 2021 at 0.15528433
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).