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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.

FOREX_AUDCNH
Open High Low AUDCNH Price Change
4.809995 4.838820 4.809335 4.837635 +0.027640
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term down The long-term trend has been DOWN since Sep 25th, 2020 at 4.793635

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 4.817950

short term up 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).

+70
Smart Scan Analysis for AUDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.809995 4.838820 4.809335 4.837635 +0.027640
Prev. Close Volume Bid Ask Time
4.809995 2020-11-24 04:44:54
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