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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Long-Term Downtrend (-90) - CNYAUD is in a strong downtrend that is likely to continue. While CNYAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.21123902 0.21173342 0.20717966 0.20738651 -0.00385300
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 0.20820507

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 0.20654613

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.20874213

Smart Scan Analysis for CNYAUD

Based on our trend formula, CNYAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21123902 0.21173342 0.20717966 0.20738651 -0.00385300
Prev. Close Volume Bid Ask Time
0.21123902 2024-06-13 07:10:45
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