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Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)
Countertrend Up (+85) - CNYAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 7th, 2023 at 0.21685413
The intermediate-term trend has been UP since Feb 24th, 2023 at 0.21433589
The short-term trend has been DOWN since Mar 14th, 2023 at 0.21683789
Smart Scan Analysis for CNYAUD
Based on our trend formula, CNYAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21701943 | 0.21712315 | 0.21652037 | 0.21694157 | -0.00007800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21701943 | 2023-03-22 06:05:51 |