Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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

Weak Downtrend (-65) - CADCNH is showing signs of a strengthening downtrend. Monitor CADCNH as it may be building momentum to the downside.

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
5.26095 5.26095 5.26095 5.26095 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADCNH

long term up The long-term trend has been UP since Mar 23rd, 2022 at 5.08395

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 5.28050

short term down The short-term trend has been DOWN since Aug 18th, 2022 at 5.26370

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
5.26095 5.26095 5.26095 5.26095 0.00000
Prev. Close Volume Bid Ask Time
5.26095 2022-08-18 16:49:26
Get a free daily analysis and signals for Canadian Dollar/Chinese Yuan Renminbi Offshore (CADCNH) - Request Your Free Report.