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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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

Bull Market Weakness (+75) - CADCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADCNH as it may be in the beginning stages 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
5.60925 5.60925 5.60505 5.60505 -0.00420
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term up The long-term trend has been UP since May 22nd, 2024 at 5.3700

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 5.2757

short term up The short-term trend has been UP since May 22nd, 2024 at 5.2757

Smart Scan Analysis for CADCNH

Based on our trend formula, CADCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CADCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.60925 5.60925 5.60505 5.60505 -0.00420
Prev. Close Volume Bid Ask Time
5.30085 2024-05-22 22:55:36
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