Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, January 18, 2021.

Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)

Bull Market Weakness (+75) - CNYXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYXDR as it may be in the beginning stages of a reversal.

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.

FOREX_CNYXDR
Open High Low CNYXDR Price Change
0.10731514 0.10731514 0.10731514 0.10731514 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYXDR

long term up The long-term trend has been UP since Sep 18th, 2020 at 0.10326964

intermediate term up The intermediate-term trend has been UP since Dec 31st, 2020 at 0.10678030

short term up The short-term trend has been UP since Dec 31st, 2020 at 0.10641079

Smart Scan Analysis for CNYXDR

Based on our trend formula, CNYXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10731514 0.10731514 0.10731514 0.10731514 0.00000000
Prev. Close Volume Bid Ask Time
0.10731514 2021-01-18 02:31:41
Get a free daily analysis and signals for Chinese Yuan Renminbi/Special drawing rights (CNYXDR) - Request Your Free Report.