Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Long-Term Downtrend (-90) - AUDCNH is in a strong downtrend that is likely to continue. While AUDCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jul 1st, 2022 at 4.589930
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 4.703765
The short-term trend has been DOWN since Jun 29th, 2022 at 4.619370
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).