Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Strong Downtrend (-100) - AUDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been DOWN since Jan 9th, 2020 at 4.750400
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 4.784205
The short-term trend has been DOWN since Apr 1st, 2020 at 4.317315
Smart Scan Analysis for AUDCNH
Based on our trend formula, AUDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).