Free Daily Analysis

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.

FOREX_CADCNH
Open High Low CADCNH Price Change
5.052 5.052 5.052 5.052 0.000
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term down The long-term trend has been DOWN since Sep 16th, 2020 at 5.1598

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2020 at 5.0275

short term up 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).

-75
Smart Scan Analysis for CADCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.052 5.052 5.052 5.052 0.000
Prev. Close Volume Bid Ask Time
5.052 2020-11-27 13:13:05
Get a free daily analysis and signals for Canadian Dollar/Chinese Yuan Renminbi Offshore (CADCNH) - Request Your Free Report.