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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.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.0056327 5.0251504 4.9901923 4.9951785 -0.0104540
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long-term trend has been DOWN since Jan 13th, 2020 at 5.2714892

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 5.2361455

short term down 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).

-80
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0056327 5.0251504 4.9901923 4.9951785 -0.0104540
Prev. Close Volume Bid Ask Time
5.0056327 4.9886630 5.0016940 2020-04-03 23:54:34
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