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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.
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MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been UP since May 26th, 2020 at 4.7285419
The intermediate-term trend has been UP since Apr 8th, 2020 at 4.4030564
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).
| 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 |