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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Countertrend Down (-85) - CNYAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CNYAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYAUD.
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 CNYAUD
The long-term trend has been DOWN since May 3rd, 2024 at 0.20820507
The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.20820507
The short-term trend has been UP since May 8th, 2024 at 0.21465018
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21441842 | 0.21465464 | 0.21016680 | 0.21043126 | -0.00398700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21441842 | 2024-05-09 02:01:29 |