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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Chinese Yuan Renminbi Offshore (FOREX:USDCNH)
Strong Uptrend (+100) - USDCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 14th, 2024 at 7.118455
The short-term trend has been UP since Dec 24th, 2024 at 7.313550
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.309645 | 7.311350 | 7.306075 | 7.308520 | -0.001125 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.309645 | 2024-12-26 05:06:28 |