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.
MarketClub’s Trade Triangles for CNYAUD
The long-term trend has been UP since Sep 5th, 2023 at 0.21798216
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 0.21276803
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).