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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

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.

FOREX_CNHCAD
Open High Low CNHCAD Price Change
0.18928604 0.18958696 0.18875070 0.18886775 -0.00041800
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 Apr 11th, 2024 at 0.18874727

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.18955695

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNHCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18928604 0.18958696 0.18875070 0.18886775 -0.00041800
Prev. Close Volume Bid Ask Time
0.18928604 2024-04-22 15:15:28
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