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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Canadian Dollar/Chinese Yuan Renminbi (FOREX:CADCNY)

Sidelines Mode (-55) - CADCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
5.1609834 5.1736347 5.1526272 5.1544593 -0.0065240
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term down The long-term trend has been DOWN since Jul 15th, 2021 at 5.1522458

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2021 at 5.1293981

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 5.1811861

Smart Scan Analysis for CADCNY

Based on our trend formula, CADCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1609834 5.1736347 5.1526272 5.1544593 -0.0065240
Prev. Close Volume Bid Ask Time
5.1609834 2021-10-25 16:05:22
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