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Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

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

Long-Term Uptrend (+90) - CNHCAD is in a strong uptrend that is likely to continue. While CNHCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_CNHCAD
Open High Low CNHCAD Price Change
0.19150746 0.19243943 0.19150522 0.19216514 +0.00065800
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

long term up The long-term trend has been UP since Oct 3rd, 2023 at 0.18726558

intermediate term up The intermediate-term trend has been UP since Sep 13th, 2024 at 0.19174763

short term up The short-term trend has been UP since Oct 7th, 2024 at 0.19235052

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19150746 0.19243943 0.19150522 0.19216514 +0.00065800
Prev. Close Volume Bid Ask Time
0.19150746 2024-10-07 07:18:25
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