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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Sidelines Mode (+55) - AUDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid AUDCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDCNY
Open High Low AUDCNY Price Change
4.8455498 4.8483731 4.8272878 4.8350388 -0.0105110
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long-term trend has been DOWN since Sep 24th, 2020 at 4.7907853

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2020 at 4.8214461

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 4.8306750

Smart Scan Analysis for AUDCNY

Based on our trend formula, AUDCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8455498 4.8483731 4.8272878 4.8350388 -0.0105110
Prev. Close Volume Bid Ask Time
4.8455498 2020-12-01 09:59:04
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