Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Weak Downtrend (-65) - CADCNY is showing signs of a strengthening downtrend. Monitor CADCNY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CADCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADCNY
The long-term trend has been DOWN since Apr 5th, 2024 at 5.2139851
The intermediate-term trend has been DOWN since Jan 15th, 2024 at 5.2879686
The short-term trend has been DOWN since May 7th, 2024 at 5.1560611
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
5.1768463 | 5.1778479 | 5.1581385 | 5.1772788 | +0.0004320 |
Prev. Close | Volume | Bid | Ask | Time |
5.1768463 | 2024-05-09 12:26:24 |