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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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

Crossroads (+60) - AUDCNH is struggling to move into a solid trend. Beware of choppy markets 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
4.81190 4.81264 4.78247 4.78766 -0.02424
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term down The long-term trend has been DOWN since Jun 3rd, 2021 at 4.895445

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 4.725100

short term up The short-term trend has been UP since Oct 19th, 2021 at 4.784565

Smart Scan Analysis for AUDCNH

Based on our trend formula, AUDCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.81190 4.81264 4.78247 4.78766 -0.02424
Prev. Close Volume Bid Ask Time
4.81190 2021-10-21 11:23:00
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