Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Crossroads (-60) - CNYXDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNYXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYXDR
The long-term trend has been DOWN since Apr 5th, 2023 at 0.10823065
The intermediate-term trend has been UP since Sep 11th, 2023 at 0.10471646
The short-term trend has been UP since Sep 11th, 2023 at 0.10471646
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).