Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)
Strong Uptrend (+100) - CNHAUD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHAUD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CNHAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNHAUD
The long-term trend has been UP since Oct 3rd, 2023 at 0.21572728
The intermediate-term trend has been UP since Jul 27th, 2023 at 0.20850644
The short-term trend has been UP since Oct 2nd, 2023 at 0.21497524
Smart Scan Analysis for CNHAUD
Based on our trend formula, CNHAUD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).