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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Countertrend Up (+85) - CADCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CADCNY?

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
5.2517430 5.2705084 5.2517430 5.2688902 +0.0171470
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term up The long-term trend has been UP since Mar 28th, 2022 at 5.1010869

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 5.2287840

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 5.2411854

Smart Scan Analysis for CADCNY

Based on our trend formula, CADCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2517430 5.2705084 5.2517430 5.2688902 +0.0171470
Prev. Close Volume Bid Ask Time
5.2517430 2022-08-18 06:48:44
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