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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Sidelines Mode (+55) - AUDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_AUDCNY
Open High Low AUDCNY Price Change
4.6335126 4.6335126 4.6292503 4.6307144 -0.0027980
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term up The long-term trend has been UP since Dec 4th, 2023 at 4.7204841

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 4.6945021

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 4.6265590

Smart Scan Analysis for AUDCNY

Based on our trend formula, AUDCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6335126 4.6335126 4.6292503 4.6307144 -0.0027980
Prev. Close Volume Bid Ask Time
4.6335126 2024-03-29 03:30:08
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