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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Strong Downtrend (-100) - CNYAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYAUD continues to fall. 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.
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MarketClub’s Trade Triangles for CNYAUD
The long-term trend has been DOWN since May 3rd, 2024 at 0.20820507
The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.20820507
The short-term trend has been DOWN since May 3rd, 2024 at 0.20978235
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21494145 | 0.21494145 | 0.21439083 | 0.21439083 | -0.00055100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21494145 | 2024-05-04 17:32:20 |