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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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.

FOREX_CNHAUD
Open High Low CNHAUD Price Change
0.21194128 0.21309923 0.21170014 0.21286070 +0.00091900
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term up The long-term trend has been UP since Jul 1st, 2022 at 0.21786709

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.21462180

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.21006283

Smart Scan Analysis for CNHAUD

Based on our trend formula, CNHAUD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21194128 0.21309923 0.21170014 0.21286070 +0.00091900
Prev. Close Volume Bid Ask Time
0.21194128 2022-08-19 16:11:45
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