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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
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.
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MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been DOWN since Aug 2nd, 2024 at 4.686585
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.757145
The short-term trend has been DOWN since Oct 16th, 2024 at 4.755265
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.726345 | 4.739480 | 4.709040 | 4.711715 | -0.014630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.726345 | 2024-10-25 17:05:57 |