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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Bull Market Weakness (+75) - CNYAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYAUD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNYAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYAUD.
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 CNYAUD
The long-term trend has been DOWN since May 3rd, 2024 at 0.20820507
The intermediate-term trend has been UP since Jul 16th, 2024 at 0.20784274
The short-term trend has been UP since Jul 15th, 2024 at 0.20406279
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21058769 | 0.21124015 | 0.20999092 | 0.21065553 | +0.00006800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21058769 | 2024-07-26 21:05:44 |