Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi Offshore/Canadian Dollar (FOREX:CNHCAD)

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

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

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

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

Open	High	Low	CNHCAD Price	Change
0.18987510	0.18995141	0.18986370	0.18987605	+0.00000100
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

The long-term trend has been UP since Oct 3rd, 2023 at 0.18726558

The intermediate-term trend has been UP since Apr 11th, 2024 at 0.18874727

The short-term trend has been DOWN since May 6th, 2024 at 0.18947299

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.18987510	0.18995141	0.18986370	0.18987605	+0.00000100
Prev. Close	Volume	Bid	Ask	Time
0.18987510				2024-05-09 00:39:18

Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Canadian Dollar (CNHCAD) - Request Your Free Report.