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.
MarketClub’s Trade Triangles for CADCNY
The long-term trend has been DOWN since Jan 13th, 2020 at 5.2714892
The intermediate-term trend has been UP since Feb 3rd, 2020 at 5.3009027
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).