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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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

Bear Market Rally (-75) - CNHCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHCAD as it may be in the beginning 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
0.18980965 0.19048624 0.18969275 0.18994862 +0.00013900
Entry Signal

MarketClub’s Trade Triangles for CNHCAD

long term down The long-term trend has been DOWN since Mar 25th, 2022 at 0.19577035

intermediate term down The intermediate-term trend has been DOWN since Jul 18th, 2022 at 0.19126010

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.18893637

Smart Scan Analysis for CNHCAD

Based on our trend formula, CNHCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CNHCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18980965 0.19048624 0.18969275 0.18994862 +0.00013900
Prev. Close Volume Bid Ask Time
0.18980965 2022-08-19 17:04:54
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