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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.

FOREX_CADCNH
Open High Low CADCNH Price Change
5.1688 5.1688 5.1688 5.1688 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term down The long-term trend has been DOWN since Jul 13th, 2021 at 5.19410

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2021 at 5.11200

short term down 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).

-75
Smart Scan Analysis for CADCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1688 5.1688 5.1688 5.1688 0.0000
Prev. Close Volume Bid Ask Time
5.1688 2021-10-22 13:44:43
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