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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.

FOREX_CNHAUD
Open High Low CNHAUD Price Change
0.20862235 0.20879238 0.20767919 0.20852089 -0.00010100
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term up The long-term trend has been UP since Sep 1st, 2020 at 0.19878451

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.20754838

short term down 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).

-60
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20862235 0.20879238 0.20767919 0.20852089 -0.00010100
Prev. Close Volume Bid Ask Time
0.20862235 2020-11-23 10:55:35
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