Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

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

Weak Uptrend (+65) - CADCNH is showing signs of weakening momentum to the upside. Monitor 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
5.2101439 5.2480188 5.2028586 5.2263007 +0.0161570
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term up The long-term trend has been UP since May 22nd, 2024 at 5.3700000

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2024 at 5.2196580

short term up The short-term trend has been UP since Oct 1st, 2024 at 5.1903326

Smart Scan Analysis for CADCNH

Based on our trend formula, CADCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CADCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2101439 5.2480188 5.2028586 5.2263007 +0.0161570
Prev. Close Volume Bid Ask Time
5.2101439 2024-10-04 20:56:57
Get a free daily analysis and signals for Canadian Dollar/Chinese Yuan Renminbi Offshore (CADCNH) - Request Your Free Report.