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Forex Trend Analysis Report

Prepared for you on Friday, May 20, 2022.

Special drawing rights/Chinese Yuan Renminbi (FOREX:XDRCNY)

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

Is it time to buy, sell, or avoid XDRCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRCNY
Open High Low XDRCNY Price Change
9.009267 9.009267 9.009267 9.009267 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRCNY

long term up The long-term trend has been UP since May 11th, 2022 at 8.929870

intermediate term up The intermediate-term trend has been UP since Apr 21st, 2022 at 8.787508

short term up The short-term trend has been UP since Apr 21st, 2022 at 8.787508

Smart Scan Analysis for XDRCNY

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

+70
Smart Scan Analysis for XDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.009267 9.009267 9.009267 9.009267 0.000000
Prev. Close Volume Bid Ask Time
9.032262 2022-05-11 07:40:00
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