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Forex Trend Analysis Report

Prepared for you on Thursday, July 7, 2022.

Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)

Long-Term Downtrend (-90) - AUDCNH is in a strong downtrend that is likely to continue. While AUDCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_AUDCNH
Open High Low AUDCNH Price Change
4.56943 4.57010 4.56529 4.56701 -0.00242
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 4.589930

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 4.703765

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 4.619370

Smart Scan Analysis for AUDCNH

Based on our trend formula, AUDCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.56943 4.57010 4.56529 4.56701 -0.00242
Prev. Close Volume Bid Ask Time
4.56943 2022-07-07 00:50:35
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