Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Crossroads (-60) - CADCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for CADCNH
The long-term trend has been DOWN since Jul 24th, 2023 at 5.09330
The intermediate-term trend has been UP since Sep 22nd, 2023 at 5.40225
The short-term trend has been UP since Sep 8th, 2023 at 5.40165
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).