Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Chinese Yuan Renminbi Offshore/Canadian Dollar (FOREX:CNHCAD)
Strong Downtrend (-100) - CNHCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CNHCAD
The long-term trend has been DOWN since Feb 24th, 2021 at 0.19422845
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.19563103
The short-term trend has been DOWN since Mar 4th, 2021 at 0.19467413
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).