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Forex Trend Analysis Report

Prepared for you on Saturday, January 29, 2022.

Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)

Strong Uptrend (+100) - CNYCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.20090841 0.20090841 0.20090841 0.20090841 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term up The long-term trend has been UP since Jul 15th, 2021 at 0.19449437

intermediate term up The intermediate-term trend has been UP since Jan 28th, 2022 at 0.20101353

short term up The short-term trend has been UP since Jan 21st, 2022 at 0.19771498

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).

+100
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20090841 0.20090841 0.20090841 0.20090841 0.00000000
Prev. Close Volume Bid Ask Time
0.20090841 2022-01-29 00:37:42
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