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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Countertrend Down (-85) - CADCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CADCNY
The long-term trend has been DOWN since Apr 5th, 2024 at 5.2139851
The intermediate-term trend has been DOWN since Jan 15th, 2024 at 5.2879686
The short-term trend has been UP since Apr 19th, 2024 at 5.1634156
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.1962007 | 5.1974449 | 5.1784363 | 5.1809837 | -0.0152170 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.1962007 | 2024-04-24 11:46:03 |