Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Strong Uptrend (+100) - CADCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADCNH 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 CADCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADCNH
The long-term trend has been UP since Feb 24th, 2021 at 5.1337
The intermediate-term trend has been UP since Feb 24th, 2021 at 5.0958
The short-term trend has been UP since Feb 24th, 2021 at 5.0958
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).