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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Weak Uptrend (+65) - USDCNH is showing signs of weakening momentum to the upside. Monitor USDCNH as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDCNH
The long-term trend has been UP since Nov 13th, 2024 at 7.258235
The intermediate-term trend has been UP since Feb 2nd, 2025 at 7.363240
The short-term trend has been DOWN since Feb 4th, 2025 at 7.275605
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.31228 | 7.33654 | 7.27456 | 7.29044 | -0.02184 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.31228 | 2025-02-04 23:46:37 |