Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)
Crossroads (-60) - CNHAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jun 3rd, 2021 at 0.20428111
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.21162227
The short-term trend has been DOWN since Oct 19th, 2021 at 0.20904676
Smart Scan Analysis for CNHAUD
Based on our trend formula, CNHAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).