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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Long-Term Uptrend (+90) - CNYCAD is in a strong uptrend that is likely to continue. While CNYCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Oct 3rd, 2023 at 0.19056086
The intermediate-term trend has been UP since Jul 16th, 2024 at 0.18917718
The short-term trend has been UP since Jul 11th, 2024 at 0.18771320
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19064777 | 0.19104562 | 0.19039307 | 0.19057437 | -0.00007300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19064777 | 2024-07-26 20:08:45 |