Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Crossroads (-60) - CNYAUD 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 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.
MarketClub’s Trade Triangles for CNYAUD
The long-term trend has been UP since Jun 16th, 2021 at 0.20429838
The intermediate-term trend has been DOWN since Oct 10th, 2021 at 0.21162933
The short-term trend has been DOWN since Oct 19th, 2021 at 0.20897798
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).