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.
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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 Mar 6th, 2024 at 4.744985
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).
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 |