Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
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.
MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been DOWN since Sep 25th, 2020 at 4.793635
The intermediate-term trend has been UP since Nov 9th, 2020 at 4.817950
The short-term trend has been UP since Nov 23rd, 2020 at 4.801920
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).