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Forex Trend Analysis Report

Prepared for you on Friday, December 13, 2024.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

Long-Term Uptrend (+90) - USDCNY is in a strong uptrend that is likely to continue. While USDCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
7.2770 7.2821 7.1967 7.2761 -0.0009
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long-term trend has been UP since Nov 22nd, 2024 at 7.2484

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2024 at 7.0955

short term up The short-term trend has been UP since Dec 13th, 2024 at 7.2783

Smart Scan Analysis for USDCNY

Based on our trend formula, USDCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.2770 7.2821 7.1967 7.2761 -0.0009
Prev. Close Volume Bid Ask Time
7.2770 2024-12-13 18:59:56
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