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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Sidelines Mode (-55) - CADCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.0443494 5.0510806 5.0413143 5.0473698 +0.0030200
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long-term trend has been DOWN since Sep 16th, 2020 at 5.1308789

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2020 at 5.0090109

short term up The short-term trend has been UP since Nov 23rd, 2020 at 5.0440520

Smart Scan Analysis for CADCNY

Based on our trend formula, CADCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0443494 5.0510806 5.0413143 5.0473698 +0.0030200
Prev. Close Volume Bid Ask Time
5.0443494 2020-11-24 04:29:02
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