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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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.

FOREX_CNHAUD
Open High Low CNHAUD Price Change
0.21390777 0.21631219 0.21372270 0.21591465 +0.00200700
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term up The long-term trend has been UP since Apr 16th, 2024 at 0.21461857

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 0.21314922

short term up The short-term trend has been UP since Apr 10th, 2024 at 0.21042553

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).

+100
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21390777 0.21631219 0.21372270 0.21591465 +0.00200700
Prev. Close Volume Bid Ask Time
0.21390777 2024-04-18 21:59:54
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