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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Bear Market Rally (-75) - AUDCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDCNH as it may be in the beginning 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.
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MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been DOWN since Aug 2nd, 2024 at 4.686585
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.757145
The short-term trend has been UP since Dec 3rd, 2024 at 4.738570
Smart Scan Analysis for AUDCNH
Based on our trend formula, AUDCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.683630 | 4.687930 | 4.682150 | 4.686975 | +0.003345 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.683630 | 2024-12-05 02:09:25 |