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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.
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MarketClub’s Trade Triangles for AUDCNY
The long-term trend has been DOWN since Jun 3rd, 2021 at 4.9010229
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 4.7187803
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).
| 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 |