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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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

Bull Market Weakness (+75) - USDCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCNH as it may be in the beginning stages of a reversal.

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
6.52722 6.53441 6.51804 6.53426 +0.00704
Entry Signal

MarketClub’s Trade Triangles for USDCNH

long term down The long-term trend has been DOWN since Jul 6th, 2020 at 7.036900

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 6.487830

short term up The short-term trend has been UP since Mar 4th, 2021 at 6.483595

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
6.52722 6.53441 6.51804 6.53426 +0.00704
Prev. Close Volume Bid Ask Time
6.52722 2021-03-08 02:27:28
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