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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Strong Uptrend (+100) - CNYCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CNYCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCAD.
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 CNYCAD
The long-term trend has been UP since Oct 3rd, 2023 at 0.19056086
The intermediate-term trend has been UP since Apr 11th, 2024 at 0.19284138
The short-term trend has been UP since May 8th, 2024 at 0.19413287
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19368525 | 0.19382497 | 0.18993301 | 0.19362893 | -0.00005600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19368525 | 2024-05-09 06:55:30 |