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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Australian Dollar/Chinese Yuan Renminbi (FOREX:AUDCNY)
Weak Downtrend (-65) - AUDCNY is showing signs of a strengthening downtrend. Monitor AUDCNY as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been UP since May 15th, 2024 at 4.7177503
The intermediate-term trend has been DOWN since Jul 16th, 2024 at 4.8113589
The short-term trend has been DOWN since Jul 14th, 2024 at 4.8993155
Smart Scan Analysis for AUDCNY
Based on our trend formula, AUDCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for AUDCNY](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
4.7475436 | 4.7616959 | 4.7439363 | 4.7468364 | -0.0007070 |
Prev. Close | Volume | Bid | Ask | Time |
4.7475436 | 2024-07-26 20:31:10 |