Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi Offshore/Canadian Dollar (FOREX:CNHCAD)
Bull Market Weakness (+75) - CNHCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHCAD as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for CNHCAD
The long-term trend has been DOWN since Apr 2nd, 2025 at 0.19452252
The intermediate-term trend has been UP since May 4th, 2025 at 0.19169801
The short-term trend has been UP since May 8th, 2025 at 0.19232186
Smart Scan Analysis for CNHCAD
Based on our trend formula, CNHCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19208851 | 0.19229308 | 0.19196211 | 0.19221141 | +0.00012300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19208851 | 2025-05-09 07:14:04 |