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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

US Dollar/ (FOREX:USDCLY)

Strong Downtrend (-100) - USDCLY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDCLY continues to fall. Traders should use caution and set stops.

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
6.3286 6.3286 6.3286 6.3286 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 6.34425

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 6.36750

short term down The short-term trend has been DOWN since Jan 12th, 2022 at 6.37380

Smart Scan Analysis for USDCLY

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

-100
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3286 6.3286 6.3286 6.3286 0.0000
Prev. Close Volume Bid Ask Time
6.3286 2022-01-24 09:44:04
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