Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
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 Sep 1st, 2020 at 0.19878451
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.20754838
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.20825120
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).