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Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Strong Downtrend (-100) - CNYCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CNYCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCAD.
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 CNYCAD
The long-term trend has been DOWN since Feb 24th, 2021 at 0.19391638
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.19591445
The short-term trend has been DOWN since Mar 2nd, 2021 at 0.19489705
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19559386 | 0.19613963 | 0.19480863 | 0.19493385 | -0.00066000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19559386 | 2021-03-05 09:29:55 |