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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Chinese Yuan Renminbi/Australian Dollar (FOREX:CNYAUD)

Weak Uptrend (+65) - CNYAUD is showing signs of weakening momentum to the upside. Monitor CNYAUD as it may be in the beginning stages of a reversal.

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
0.21155766 0.21187162 0.21142298 0.21174139 +0.00018400
Entry Signal

MarketClub’s Trade Triangles for CNYAUD

long term up The long-term trend has been UP since Aug 5th, 2024 at 0.21798653

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.21050216

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.21318313

Smart Scan Analysis for CNYAUD

Based on our trend formula, CNYAUD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21155766 0.21187162 0.21142298 0.21174139 +0.00018400
Prev. Close Volume Bid Ask Time
0.21155766 2024-11-20 03:23:43
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