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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Chinese Yuan Renminbi Offshore/Canadian Dollar (FOREX:CNHCAD)
Strong Uptrend (+100) - CNHCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Oct 3rd, 2023 at 0.18726558
The intermediate-term trend has been UP since Apr 11th, 2024 at 0.18874727
The short-term trend has been UP since Apr 30th, 2024 at 0.18888214
Smart Scan Analysis for CNHCAD
Based on our trend formula, CNHCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18986659 | 0.19040529 | 0.18962126 | 0.19036242 | +0.00049600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18986659 | 2024-05-03 17:00:04 |