Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Long-Term Uptrend (+90) - AUDCNH is in a strong uptrend that is likely to continue. While AUDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been UP since Dec 1st, 2023 at 4.758185
The intermediate-term trend has been UP since Nov 1st, 2023 at 4.694055
The short-term trend has been UP since Dec 8th, 2023 at 4.742915
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).