Forex Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
Canadian Dollar/Chinese Yuan Renminbi Offshore (FOREX:CADCNH)
Crossroads (-60) - CADCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADCNH
The long-term trend has been UP since Feb 24th, 2021 at 5.13370
The intermediate-term trend has been DOWN since Jun 1st, 2021 at 5.29710
The short-term trend has been DOWN since May 26th, 2021 at 5.31895
Smart Scan Analysis for CADCNH
Based on our trend formula, CADCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).