Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)
Weak Downtrend (-65) - CNHAUD is showing signs of a strengthening downtrend. Monitor CNHAUD as it may be building momentum to the downside.
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 DOWN since Jan 6th, 2021 at 0.19857545
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 0.19899876
The short-term trend has been UP since Feb 26th, 2021 at 0.19710028
Smart Scan Analysis for CNHAUD
Based on our trend formula, CNHAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).