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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Long-Term Downtrend (-90) - AUDCNY is in a strong downtrend that is likely to continue. While AUDCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid AUDCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDCNY
Open High Low AUDCNY Price Change
4.6419230 4.6459275 4.6344145 4.6408269 -0.0010960
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long-term trend has been DOWN since Jan 13th, 2020 at 4.7440839

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 4.7462103

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 4.6824384

Smart Scan Analysis for AUDCNY

Based on our trend formula, AUDCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6419230 4.6459275 4.6344145 4.6408269 -0.0010960
Prev. Close Volume Bid Ask Time
4.6419230 4.6347178 4.6469361 2020-02-21 07:28:37
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