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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Crossroads (+60) - CADCNY 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 ?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.2755938 5.2806333 5.2695066 5.2745789 -0.0010150
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long-term trend has been DOWN since Jan 13th, 2020 at 5.2714892

intermediate term up The intermediate-term trend has been UP since Feb 3rd, 2020 at 5.3009027

short term up The short-term trend has been UP since Feb 13th, 2020 at 5.2596883

Smart Scan Analysis for CADCNY

Based on our trend formula, CADCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2755938 5.2806333 5.2695066 5.2745789 -0.0010150
Prev. Close Volume Bid Ask Time
5.2755938 5.2676059 5.2815519 2020-02-17 16:45:33
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