Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

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

Crossroads (+60) - CNHCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.18689542	0.18692667	0.18685915	0.18690619	+0.00001100
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

The long-term trend has been DOWN since Apr 13th, 2023 at 0.19425042

The intermediate-term trend has been UP since Oct 2nd, 2023 at 0.18660213

The short-term trend has been UP since Oct 2nd, 2023 at 0.18617440

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.18689542	0.18692667	0.18685915	0.18690619	+0.00001100
Prev. Close	Volume	Bid	Ask	Time
0.18689542				2023-10-03 00:20:00

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