Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Crossroads (+60) - AUDCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jun 3rd, 2021 at 4.895445
The intermediate-term trend has been UP since Oct 11th, 2021 at 4.725100
The short-term trend has been UP since Oct 19th, 2021 at 4.784565
Smart Scan Analysis for AUDCNH
Based on our trend formula, AUDCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).