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.
MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been DOWN since Sep 24th, 2020 at 4.7907853
The intermediate-term trend has been UP since Nov 8th, 2020 at 4.8214461
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).