Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)

Long-Term Uptrend (+90) - USDCNH is in a strong uptrend that is likely to continue. While USDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_USDCNH
Open High Low USDCNH Price Change
7.143380 7.148720 7.135655 7.143705 +0.000325
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term up The long-term trend has been UP since Mar 18th, 2020 at 7.084505

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2020 at 7.052705

short term up The short-term trend has been UP since May 22nd, 2020 at 7.137395

Smart Scan Analysis for USDCNH

Based on our trend formula, USDCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.143380 7.148720 7.135655 7.143705 +0.000325
Prev. Close Volume Bid Ask Time
7.143380 7.143560 7.143850 2020-05-26 14:14:35
Get a free daily analysis and signals for US Dollar/Chinese Yuan Renminbi Offshore (USDCNH) - Request Your Free Report.