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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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

Strong Downtrend (-100) - USDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
6.386860 6.399985 6.386660 6.389660 +0.002800
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term down The long-term trend has been DOWN since May 25th, 2021 at 6.40092

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2021 at 6.42861

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 6.43760

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).

-100
Smart Scan Analysis for USDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.386860 6.399985 6.386660 6.389660 +0.002800
Prev. Close Volume Bid Ask Time
6.386860 2021-10-21 10:56:37
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