Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Weak Uptrend (+65) - AUDCNH is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been UP since Jan 6th, 2021 at 5.035945
The intermediate-term trend has been UP since Feb 18th, 2021 at 5.025075
The short-term trend has been DOWN since Feb 25th, 2021 at 5.083380
Smart Scan Analysis for AUDCNH
Based on our trend formula, AUDCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).