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Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

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

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.

FOREX_USDCNY
Open High Low USDCNY Price Change
6.4325 6.4325 6.4325 6.4325 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long-term trend has been UP since Mar 29th, 2021 at 6.5772

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2021 at 6.5187

short term down The short-term trend has been DOWN since Apr 12th, 2021 at 6.5464

Smart Scan Analysis for USDCNY

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

-70
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4325 6.4325 6.4325 6.4325 0.0000
Prev. Close Volume Bid Ask Time
6.4325 2021-05-09 05:26:13
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