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Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2024.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Countertrend Down (-85) - AUDCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been DOWN since Aug 5th, 2024 at 4.5910051
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.7501540
The short-term trend has been UP since Dec 3rd, 2024 at 4.7302694
Smart Scan Analysis for AUDCNY
Based on our trend formula, AUDCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6464483 | 4.6541388 | 4.6422665 | 4.6457817 | -0.0006670 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6464483 | 2024-12-08 19:37:59 |