Forex Trend Analysis Report
Prepared for you on Wednesday, April 17, 2024.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Sidelines Mode (+55) - USDCNH 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 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 Mar 27th, 2024 at 7.23377
The intermediate-term trend has been UP since Mar 21st, 2024 at 7.22027
The short-term trend has been DOWN since Apr 17th, 2024 at 7.25491
Smart Scan Analysis for USDCNH
Based on our trend formula, USDCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
7.26041 | 7.26189 | 7.24303 | 7.24631 | -0.01410 |
Prev. Close | Volume | Bid | Ask | Time |
7.26041 | 2024-04-17 15:34:32 |