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Forex Trend Analysis Report

Prepared for you on Wednesday, April 21, 2021.

US Dollar/ (FOREX:USDCLY)

Sidelines Mode (+55) - USDCLY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDCLY?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCLY
Open High Low USDCLY Price Change
6.4996 6.4996 6.4996 6.4996 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term up The long-term trend has been UP since Mar 30th, 2021 at 6.56435

intermediate term up The intermediate-term trend has been UP since Feb 18th, 2021 at 6.48125

short term down The short-term trend has been DOWN since Apr 12th, 2021 at 6.55280

Smart Scan Analysis for USDCLY

Based on our trend formula, USDCLY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4996 6.4996 6.4996 6.4996 0.0000
Prev. Close Volume Bid Ask Time
6.4958 2021-04-20 13:35:44
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