Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)
Strong Downtrend (-100) - USDCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDCNY continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCNY
The long-term trend has been DOWN since May 9th, 2021 at 6.4278
The intermediate-term trend has been DOWN since Jan 14th, 2022 at 6.3407
The short-term trend has been DOWN since Jan 10th, 2022 at 6.3724
Smart Scan Analysis for USDCNY
Based on our trend formula, USDCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).