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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 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.
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MarketClub’s Trade Triangles for CADCNY
The long-term trend has been DOWN since Aug 5th, 2024 at 5.1438652
The intermediate-term trend has been UP since Nov 11th, 2024 at 5.1671592
The short-term trend has been UP since Nov 19th, 2024 at 5.1671081
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.1887039 | 5.1899605 | 5.1850579 | 5.1850579 | -0.0036460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.1887039 | 2024-11-20 03:47:40 |