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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.

FOREX_CADCNY
Open High Low CADCNY Price Change
5.1121488 5.1167785 5.1020563 5.1060210 -0.0061280
Entry Signal

MarketClub’s Trade Triangles for CADCNY

long term up The long-term trend has been UP since Feb 24th, 2021 at 5.1532116

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2021 at 5.1039125

short term up 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).

+90
Smart Scan Analysis for CADCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1121488 5.1167785 5.1020563 5.1060210 -0.0061280
Prev. Close Volume Bid Ask Time
5.1121488 2021-03-05 07:55:17
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