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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.

FOREX_CNYCAD
Open High Low CNYCAD Price Change
0.19559386 0.19613963 0.19480863 0.19493385 -0.00066000
Entry Signal

MarketClub’s Trade Triangles for CNYCAD

long term down The long-term trend has been DOWN since Feb 24th, 2021 at 0.19391638

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.19591445

short term down 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).

-100
Smart Scan Analysis for CNYCAD
Strong Downtrend Sideways 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
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