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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Strong Downtrend (-100) - AUDCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDCNY continues to fall. 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
4.5774596 4.5824340 4.5606274 4.5627602 -0.0146990
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 4.6153599

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 4.6663729

short term down The short-term trend has been DOWN since Mar 23rd, 2023 at 4.5791396

Smart Scan Analysis for AUDCNY

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

-100
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5774596 4.5824340 4.5606274 4.5627602 -0.0146990
Prev. Close Volume Bid Ask Time
4.5774596 2023-03-24 14:30:44
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