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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Crossroads (-60) - CNYCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 11th, 2024 at 0.19319747
The short-term trend has been DOWN since Nov 19th, 2024 at 0.19352267
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19272940 | 0.19285930 | 0.19263992 | 0.19282820 | +0.00009900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19272940 | 2024-11-20 03:32:56 |