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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Countertrend Up (+85) - CNYAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_CNYAUD
Open High Low CNYAUD Price Change
0.21701943 0.21712315 0.21652037 0.21694157 -0.00007800
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long-term trend has been UP since Mar 7th, 2023 at 0.21685413

intermediate term up The intermediate-term trend has been UP since Feb 24th, 2023 at 0.21433589

short term down The short-term trend has been DOWN since Mar 14th, 2023 at 0.21683789

Smart Scan Analysis for CNYAUD

Based on our trend formula, CNYAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21701943 0.21712315 0.21652037 0.21694157 -0.00007800
Prev. Close Volume Bid Ask Time
0.21701943 2023-03-22 06:05:51
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