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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Weak Downtrend (-65) - CNYAUD is showing signs of a strengthening downtrend. Monitor CNYAUD as it may be building momentum to the downside.

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
0.20614523 0.20614523 0.20569938 0.20584228 -0.00030300
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long-term trend has been UP since Sep 24th, 2020 at 0.20873531

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.20740499

short term down The short-term trend has been DOWN since Nov 22nd, 2020 at 0.20786553

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).

-70
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20614523 0.20614523 0.20569938 0.20584228 -0.00030300
Prev. Close Volume Bid Ask Time
0.20614523 2020-11-27 03:51:39
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