Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Bear Market Rally (-75) - CADCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADCNH as it may be in the beginning of a reversal.
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 DOWN since Jul 13th, 2021 at 5.19410
The intermediate-term trend has been UP since Oct 7th, 2021 at 5.11200
The short-term trend has been DOWN since Oct 22nd, 2021 at 5.17725
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).