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.
MarketClub’s Trade Triangles for CNYAUD
The long-term trend has been UP since Sep 24th, 2020 at 0.20873531
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.20740499
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).