Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
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 Dec 31st, 2020 at 5.0550531
The intermediate-term trend has been UP since Feb 15th, 2021 at 5.0164360
The short-term trend has been DOWN since Feb 25th, 2021 at 5.0825265
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).