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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)

Strong Downtrend (-100) - CADCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_CADCNH
Open High Low CADCNH Price Change
5.0023 5.0023 5.0023 5.0023 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term down The long-term trend has been DOWN since Jan 13th, 2020 at 5.2966

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 5.2582

short term down The short-term trend has been DOWN since Apr 2nd, 2020 at 5.0250

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).

-100
Smart Scan Analysis for CADCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0023 5.0023 5.0023 5.0023 0.0000
Prev. Close Volume Bid Ask Time
5.0023 5.0018 5.0028 2020-04-02 15:48:18
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