Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Chinese Yuan Renminbi Offshore/Canadian Dollar (FOREX:CNHCAD)

Bear Market Rally (-75) - CNHCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHCAD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CNHCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	CNHCAD Price	Change
0.18980965	0.19048624	0.18969275	0.18994862	+0.00013900
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

The long-term trend has been DOWN since Mar 25th, 2022 at 0.19577035

The intermediate-term trend has been DOWN since Jul 18th, 2022 at 0.19126010

The short-term trend has been DOWN since Aug 15th, 2022 at 0.18893637

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.18980965	0.19048624	0.18969275	0.18994862	+0.00013900
Prev. Close	Volume	Bid	Ask	Time
0.18980965				2022-08-19 17:04:54

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