Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Bull Market Weakness (+75) - AUDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDCNY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been DOWN since Jun 3rd, 2021 at 4.9010229
The intermediate-term trend has been UP since Oct 11th, 2021 at 4.7241575
The short-term trend has been UP since Oct 4th, 2021 at 4.6897313
Smart Scan Analysis for AUDCNY
Based on our trend formula, AUDCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).