Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
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.
MarketClub’s Trade Triangles for CADCNH
The long-term trend has been DOWN since Sep 16th, 2020 at 5.1598
The intermediate-term trend has been DOWN since Nov 17th, 2020 at 5.0275
The short-term trend has been UP since Nov 19th, 2020 at 5.0304
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).