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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for CNHCAD
The long-term trend has been UP since Oct 3rd, 2023 at 0.18726558
The intermediate-term trend has been DOWN since Nov 10th, 2024 at 0.19304074
The short-term trend has been DOWN since Nov 19th, 2024 at 0.19369011
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19269870 | 0.19285329 | 0.19263247 | 0.19282035 | +0.00012200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19269870 | 2024-11-20 03:45:41 |