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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Long-Term Downtrend (-90) - CADCNH is in a strong downtrend that is likely to continue. While CADCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CADCNH
The long-term trend has been DOWN since Dec 25th, 2024 at 5.0610678
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 5.0610678
The short-term trend has been DOWN since Jan 10th, 2025 at 5.0992474
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.0692439 | 5.0962579 | 5.0570388 | 5.0879987 | +0.0187550 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.0692439 | 2025-01-20 09:34:43 |