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Forex Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

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

Long-Term Downtrend (-90) - AUDCNH is in a strong downtrend that is likely to continue. While AUDCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
4.57183 4.58565 4.55453 4.56543 -0.00640
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 4.618020

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2023 at 4.673695

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 4.593230

Smart Scan Analysis for AUDCNH

Based on our trend formula, AUDCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.57183 4.58565 4.55453 4.56543 -0.00640
Prev. Close Volume Bid Ask Time
4.57183 2023-03-24 17:07:28
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