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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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.
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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 Nov 18th, 2024 at 4.6909596
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7188215 | 4.7204656 | 4.7107395 | 4.7175330 | -0.0012880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7188215 | 2024-11-21 05:44:14 |