Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Strong Downtrend (-100) - CADCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jan 13th, 2020 at 5.2966
The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 5.2582
The short-term trend has been DOWN since Apr 2nd, 2020 at 5.0250
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).