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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Chinese Yuan Renminbi/Special drawing rights (FOREX:CNYXDR)
Countertrend Up (+85) - CNYXDR 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 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.
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MarketClub’s Trade Triangles for CNYXDR
The long-term trend has been UP since Apr 10th, 2024 at 0.10723567
The intermediate-term trend has been UP since Apr 10th, 2024 at 0.10692226
The short-term trend has been UP since Apr 7th, 2024 at 0.10640809
Smart Scan Analysis for CNYXDR
Based on our trend formula, CNYXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10709194 | 0.10709194 | 0.10709194 | 0.10709194 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10709194 | 2024-04-18 07:26:29 |