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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)

Bull Market Weakness (+75) - AUDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_AUDCNY
Open High Low AUDCNY Price Change
4.7020403 4.7181359 4.6790967 4.7081909 +0.0061510
Entry Signal

MarketClub’s Trade Triangles for AUDCNY

long term up The long-term trend has been UP since May 15th, 2024 at 4.7177503

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 4.6875279

short term down The short-term trend has been DOWN since May 21st, 2024 at 4.7166228

Smart Scan Analysis for AUDCNY

Based on our trend formula, AUDCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AUDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7020403 4.7181359 4.6790967 4.7081909 +0.0061510
Prev. Close Volume Bid Ask Time
4.7020403 2024-05-24 17:04:14
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