Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)
Bull Market Weakness (+75) - CNHAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHAUD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CNHAUD
The long-term trend has been DOWN since May 15th, 2024 at 0.20798176
The intermediate-term trend has been UP since Jul 22nd, 2024 at 0.20635602
The short-term trend has been UP since Jul 16th, 2024 at 0.20384332
Smart Scan Analysis for CNHAUD
Based on our trend formula, CNHAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21043569 | 0.21051587 | 0.20968399 | 0.21018441 | -0.00025100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21043569 | 2024-07-26 17:00:03 |