Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Countertrend Down (-85) - AUDCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
4.5658012 4.5666740 4.5478956 4.5512839 -0.0145170
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term down The long-term trend has been DOWN since Jun 3rd, 2021 at 4.9010229

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2021 at 4.7187803

short term up The short-term trend has been UP since Nov 9th, 2021 at 4.7463796

Smart Scan Analysis for AUDCNY

Based on our trend formula, AUDCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5658012 4.5666740 4.5478956 4.5512839 -0.0145170
Prev. Close Volume Bid Ask Time
4.5658012 2021-11-26 17:11:03
Get a free daily analysis and signals for Australian Dollar/Chinese Yuan Renminbi (AUDCNY) - Request Your Free Report.