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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Chinese Yuan Renminbi Offshore/Australian Dollar (FOREX:CNHAUD)

Weak Uptrend (+65) - CNHAUD is showing signs of weakening momentum to the upside. Monitor 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
0.21152155 0.21182813 0.21140961 0.21174940 +0.00022800
Entry Signal

MarketClub’s Trade Triangles for CNHAUD

long term up The long-term trend has been UP since Aug 2nd, 2024 at 0.21336809

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.21031442

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.21274782

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).

+65
Smart Scan Analysis for CNHAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21152155 0.21182813 0.21140961 0.21174940 +0.00022800
Prev. Close Volume Bid Ask Time
0.21152155 2024-11-20 03:40:15
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