Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)
Long-Term Uptrend (+90) - CADCNY is in a strong uptrend that is likely to continue. While CADCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 24th, 2021 at 5.1532116
The intermediate-term trend has been UP since Feb 15th, 2021 at 5.1039125
The short-term trend has been UP since Mar 4th, 2021 at 5.1324685
Smart Scan Analysis for CADCNY
Based on our trend formula, CADCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).