Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Chinese Yuan Renminbi/Canadian Dollar (FOREX:CNYCAD)
Weak Uptrend (+65) - CNYCAD is showing signs of weakening momentum to the upside. Monitor CNYCAD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CNYCAD
The long-term trend has been UP since Sep 16th, 2020 at 0.19507227
The intermediate-term trend has been UP since Nov 17th, 2020 at 0.19964021
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.19825203
Smart Scan Analysis for CNYCAD
Based on our trend formula, CNYCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).