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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)

Countertrend Up (+85) - CNYCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.19886240 0.19957896 0.19862973 0.19942790 +0.00056500
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term up The long-term trend has been UP since Dec 7th, 2022 at 0.19580351

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2023 at 0.19855516

short term down The short-term trend has been DOWN since Mar 20th, 2023 at 0.19866175

Smart Scan Analysis for CNYCAD

Based on our trend formula, CNYCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19886240 0.19957896 0.19862973 0.19942790 +0.00056500
Prev. Close Volume Bid Ask Time
0.19886240 2023-03-21 11:31:06
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