Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Bear Market Rally (-75) - CADCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADCNY as it may be in the beginning of a reversal.
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.
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 DOWN since Feb 27th, 2020 at 5.2361455
The short-term trend has been DOWN since Mar 31st, 2020 at 4.9918485
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).