Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Strong Downtrend (-100) - USDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCNH
The long-term trend has been DOWN since May 25th, 2021 at 6.40092
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 6.42861
The short-term trend has been DOWN since Oct 11th, 2021 at 6.43760
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).