Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Weak Uptrend (+65) - AUDCNY is showing signs of weakening momentum to the upside. Monitor AUDCNY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been UP since May 26th, 2020 at 4.7285419
The intermediate-term trend has been UP since Apr 8th, 2020 at 4.4030564
The short-term trend has been DOWN since Aug 10th, 2020 at 4.9802660
Smart Scan Analysis for AUDCNY
Based on our trend formula, AUDCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).