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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.

FOREX_CNHCAD
Open High Low CNHCAD Price Change
0.19524595 0.19570571 0.19478610 0.19492085 -0.00032500
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

long term down The long-term trend has been DOWN since Feb 24th, 2021 at 0.19422845

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.19563103

short term down 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).

-100
Smart Scan Analysis for CNHCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19524595 0.19570571 0.19478610 0.19492085 -0.00032500
Prev. Close Volume Bid Ask Time
0.19524595 2021-03-05 09:04:28
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