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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Long-Term Uptrend (+90) - AUDCNY is in a strong uptrend that is likely to continue. While AUDCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.7558129 4.7558129 4.7558129 4.7558129 0.0000000
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term up The long-term trend has been UP since May 26th, 2020 at 4.7285419

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2020 at 4.4030564

short term up The short-term trend has been UP since May 18th, 2020 at 4.5931206

Smart Scan Analysis for AUDCNY

Based on our trend formula, AUDCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7558129 4.7558129 4.7558129 4.7558129 0.0000000
Prev. Close Volume Bid Ask Time
4.7558129 4.7498093 4.7618165 2020-05-30 21:29:38
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