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.
MarketClub’s Trade Triangles for USDCLY
The long-term trend has been UP since Mar 30th, 2021 at 6.56435
The intermediate-term trend has been UP since Feb 18th, 2021 at 6.48125
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).