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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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

Bull Market Weakness (+75) - AUDCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDCNH as it may be in the beginning stages of a reversal.

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
4.726130 4.727775 4.721415 4.721455 -0.004675
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term up The long-term trend has been UP since Dec 1st, 2023 at 4.758185

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 4.744985

short term up The short-term trend has been UP since Mar 20th, 2024 at 4.737195

Smart Scan Analysis for AUDCNH

Based on our trend formula, AUDCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.726130 4.727775 4.721415 4.721455 -0.004675
Prev. Close Volume Bid Ask Time
4.726130 2024-03-29 02:40:39
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