Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Bull Market Weakness (+75) - CADCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADCNH as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CADCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNH.
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 CADCNH
The long-term trend has been UP since Feb 2nd, 2024 at 5.36525
The intermediate-term trend has been UP since Mar 27th, 2024 at 5.32950
The short-term trend has been UP since Mar 27th, 2024 at 5.32700
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.349 | 5.349 | 5.349 | 5.349 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.338 | 2024-04-08 22:35:55 |