Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been DOWN since Apr 15th, 2024 at 4.5884863
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 4.6065874
The short-term trend has been DOWN since Apr 30th, 2024 at 4.6212020
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5910051 | 4.5910051 | 4.5910051 | 4.5910051 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5910051 | 2024-05-01 07:23:56 |