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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

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

Sidelines Mode (+55) - AUDCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
4.872885 4.879230 4.861495 4.862020 -0.010865
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term up The long-term trend has been UP since May 15th, 2024 at 4.808365

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 4.857260

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 4.908695

Smart Scan Analysis for AUDCNH

Based on our trend formula, AUDCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.872885 4.879230 4.861495 4.862020 -0.010865
Prev. Close Volume Bid Ask Time
4.872885 2024-07-21 22:16:23
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