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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Sidelines Mode (-55) - CNYAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CNYAUD
Open High Low CNYAUD Price Change
0.21313937 0.21313937 0.21313937 0.21313937 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long-term trend has been UP since Sep 5th, 2023 at 0.21798216

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2023 at 0.21276803

short term up The short-term trend has been UP since Dec 7th, 2023 at 0.21562243

Smart Scan Analysis for CNYAUD

Based on our trend formula, CNYAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21313937 0.21313937 0.21313937 0.21313937 0.00000000
Prev. Close Volume Bid Ask Time
0.21313937 2023-12-09 00:53:26
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