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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

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

Long-Term Uptrend (+90) - AUDCNH is in a strong uptrend that is likely to continue. While AUDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.741725 4.743445 4.733075 4.734765 -0.006960
Entry Signal

MarketClub’s Trade Triangles for AUDCNH

long term up The long-term trend has been UP since Dec 1st, 2023 at 4.758185

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2023 at 4.694055

short term up The short-term trend has been UP since Dec 8th, 2023 at 4.742915

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
4.741725 4.743445 4.733075 4.734765 -0.006960
Prev. Close Volume Bid Ask Time
4.741725 2023-12-08 04:49:10
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