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Forex Trend Analysis Report

Prepared for you on Thursday, December 1, 2022.

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

Weak Downtrend (-65) - USDCNH is showing signs of a strengthening downtrend. Monitor USDCNH as it may be building momentum to the downside.

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
7.056300 7.093735 7.033940 7.042860 -0.013440
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term up The long-term trend has been UP since Mar 14th, 2022 at 6.397810

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2022 at 7.167145

short term down The short-term trend has been DOWN since Nov 29th, 2022 at 7.150580

Smart Scan Analysis for USDCNH

Based on our trend formula, USDCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.056300 7.093735 7.033940 7.042860 -0.013440
Prev. Close Volume Bid Ask Time
7.056300 2022-12-01 15:06:46
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