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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

US Dollar/Chinese Yuan Renminbi (FOREX:USDCNY)

Sidelines Mode (+55) - USDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
7.0800 7.0810 7.0459 7.0459 -0.0341
Entry Signal

MarketClub’s Trade Triangles for USDCNY

long term up The long-term trend has been UP since Mar 18th, 2020 at 7.0728

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2020 at 7.0425

short term down The short-term trend has been DOWN since Apr 6th, 2020 at 7.0826

Smart Scan Analysis for USDCNY

Based on our trend formula, USDCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.0800 7.0810 7.0459 7.0459 -0.0341
Prev. Close Volume Bid Ask Time
7.0800 7.0449 7.0469 2020-04-07 15:53:20
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