Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
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.
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MarketClub’s Trade Triangles for USDCLY
The long-term trend has been DOWN since Jan 4th, 2023 at 6.95680
The intermediate-term trend has been DOWN since Mar 27th, 2023 at 6.90625
The short-term trend has been DOWN since Mar 10th, 2023 at 6.90700
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.87675 | 6.87675 | 6.87675 | 6.87675 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.87675 | 2023-03-28 10:48:32 |