Forex Trend Analysis Report
Prepared for you on Sunday, September 26, 2021.
Australian Dollar/Chinese Yuan Renminbi Offshore (FOREX:AUDCNH)
Bear Market Rally (-75) - AUDCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDCNH as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AUDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDCNH
The long-term trend has been DOWN since Jun 3rd, 2021 at 4.895445
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 4.694370
The short-term trend has been UP since Sep 23rd, 2021 at 4.715910
Smart Scan Analysis for AUDCNH
Based on our trend formula, AUDCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).