Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Strong Uptrend (+100) - AUDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Dec 4th, 2023 at 4.7204841
The intermediate-term trend has been UP since Nov 1st, 2023 at 4.6161639
The short-term trend has been UP since Dec 8th, 2023 at 4.7034329
Smart Scan Analysis for AUDCNY
Based on our trend formula, AUDCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).