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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)

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

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

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

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

FOREX_CNHAUD
Open High Low CNHAUD Price Change
0.21020230 0.21064431 0.21010596 0.21029169 +0.00008900
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term up The long-term trend has been UP since Apr 16th, 2024 at 0.21461857

intermediate term down The intermediate-term trend has been DOWN since May 5th, 2024 at 0.20930034

short term down The short-term trend has been DOWN since May 3rd, 2024 at 0.21093396

Smart Scan Analysis for CNHAUD

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

-70
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21020230 0.21064431 0.21010596 0.21029169 +0.00008900
Prev. Close Volume Bid Ask Time
0.21020230 2024-05-09 06:13:29
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