Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Strong Downtrend (-100) - CADCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADCNY continues to fall. Traders should use caution and set stops.

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
5.1895438 5.1938898 5.1887053 5.1913709 +0.0018270
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long-term trend has been DOWN since Apr 14th, 2025 at 4.8657401

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2025 at 5.0259992

short term down The short-term trend has been DOWN since May 6th, 2025 at 5.2466539

Smart Scan Analysis for CADCNY

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

-100
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1895438 5.1938898 5.1887053 5.1913709 +0.0018270
Prev. Close Volume Bid Ask Time
5.1895438 2025-05-09 07:37:54
Get a free daily analysis and signals for Canadian Dollar/Chinese Yuan Renminbi (CADCNY) - Request Your Free Report.