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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.
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MarketClub’s Trade Triangles for CNYCAD
The long-term trend has been UP since Jul 15th, 2021 at 0.19449437
The intermediate-term trend has been UP since Jan 28th, 2022 at 0.20101353
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).
| 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 |