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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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

Weak Uptrend (+65) - AUDCNH is showing signs of weakening momentum to the upside. Monitor 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
4.998185 5.008975 4.964680 5.000275 +0.002090
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term up The long-term trend has been UP since Jan 6th, 2021 at 5.035945

intermediate term up The intermediate-term trend has been UP since Feb 18th, 2021 at 5.025075

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 5.083380

Smart Scan Analysis for AUDCNH

Based on our trend formula, AUDCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.998185 5.008975 4.964680 5.000275 +0.002090
Prev. Close Volume Bid Ask Time
4.998185 2021-03-05 09:19:11
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